Asset-based LTC, aka hybrid or linked linked benefit, have existed since 1988. OneAmerica stakes a claim to being the premier innovator of this space.
There is only one other carrier who can make this claim. What they and the other carriers in the asset-based LTC arena cannot claim is the depth and breadth of solutions that are found in the Care Solutions portfolio.
Let’s take a walk through a brief history of OneAmerica’s Care Solutions product innovations.
1988 – Whole Life chassis with LTC benefits introduced (Asset Care)
1989 – First policy sold (Asset Care)
1996 – Lifetime Continuation of Benefits option offered on Asset Care with guaranteed premiums
1998 – First annuity based product with LTC benefits sold (Annuity Care)
1999 – Lifetime Continuation of Benefits option offered on Annuity Care with guaranteed premiums
2004 – Deferred annuity with issue age to 99 introduced (Legacy Care)
2006 – Pension Protection Act passed
2009 – Deferred annuity with “inherent” LTC continuation of benefits rider introduced (Annuity Care II)
2014 – First indexed annuity with LTC benefits including lifetime COB introduced
2019 – Whole Life chassis with LTC benefits relaunched (Asset Care) with enhanced benefits and riders
Our experience, innovation, and leadership equals a commitment to the market. Our policyholders have been placing their trust in OneAmerica’s asset-based long term care products for 30 years. Through 12/31/2018, over $8.4 billion of Asset Care was in force.