Asset-based Long-term Care

Anthem Senior Executive to Join OneAmerica

Karin Sarratt to serve as senior vice president, chief human resources officer

OneAmerica® announced today that Karin Sarratt, who currently serves as vice president, human resources at Anthem, will join the organization in September as senior vice president and chief human resources officer. In this role, Sarratt will serve as a member of the OneAmerica leadership team and be responsible for all aspects of the OneAmerica human resources function, with an early focus on culture-building, talent management and development strategies. “Karin is an exceptional leader who  more...

A.M. Best Affirms Ratings of OneAmerica

Company holds steady at A+ (Superior)

OneAmerica announced today that insurance rating agency A.M. Best has affirmed the A+ (Superior) financial strength rating of American United Life Insurance Company® (AUL) and its affiliates, The State Life Insurance Company® (State Life) and Pioneer Mutual Life Insurance Company® (PML), all companies of OneAmerica. The A+ (Superior) rating is the second highest of 16 ratings assigned by the agency. “As a mutual organization, maintaining unquestioned financial strength and strong relationships  more...

OneAmerica® Introduces First Fixed-Indexed Annuity with Long-term Care Benefits

Indexed Annuity Care® combines up-side growth potential of a market index with long-term care protection

The State Life Insurance Company, a OneAmerica company, is pleased today to announce the launch of Indexed Annuity Care, the first and only fixed-indexed annuity that can also provide benefits for long-term care (LTC) expenses. “The Care Solutions portfolio has been at the forefront of the asset-based long-term care marketplace for many years, and that leadership continues with the introduction of Indexed Annuity Care,” said Chris Coudret, executive vice president, State Life. “Indexed  more...

Asset-Care® Marks its 25th Anniversary

First whole life policy with long-term care benefits still appeals to retirees today

The Soviet Union and Berlin Wall were still intact, and Pete Rose was not yet banned from baseball when Asset-Care was introduced in 1989. Issued and underwritten by The State Life Insurance Company, Asset-Care has since fueled more than two decades of sustained growth and evolved into a full suite of what are now known as asset-based long-term care offerings. “Asset-Care was a truly innovative product when the first policy was issued 25 years ago and still offers a secure way to protect  more...

State Life breaks sales record for asset-based life insurance with long-term care benefits

The State Life Insurance Company, a OneAmerica company, announced today that 2012 was its best ever year for sales of Asset-Care®, the company’s life insurance product with long-term care benefits. Based on first year premium, State Life achieved growth of 28 percent over its previous record set in 2011. State Life also sold more policies in 2012 than any other previous single year. “Many of us have seen first-hand the financial devastation that can occur for a family when an individual  more...

State Life Redesigns Annuity-Based Long-Term Care Product to Thrive in Low Interest Rate Environment

The State Life Insurance Company, a OneAmerica company, is now offering an updated version of its popular asset-based long-term care annuity product, Annuity Care® II. The product – an annuity from which withdrawals can be made free from federal income tax for qualifying long-term care (LTC) expenses – has been redesigned to perform well in a sustained low interest rate environment. Annuity Care II is designed as a single-premium annuity offering long-term care benefits. When LTC expenses  more...