| |
|
|
| Life Markets |
Working Smarter, Not Harder
|
|
|
|
|
It’s officially summer! And while summer is often a time for taking it easy, I’d like to think we should take this time to work smarter, not harder. At OneAmerica®, we’re evaluating technologies that will help us improve our customer experiences and efficiencies. We’re empowering our associates with new tools, information and opportunities to better connect with you, our distribution partners.
|
|
|
|
|
|
Another way we’re looking to work smarter, not harder, is with our communications. In an effort to provide a strategic approach to communicating with our distribution partners, we’ve decided to move our Care Solutions newsletter to a quarterly cadence. Instead of once a month, you’ll begin to see quarterly updates hit your inbox beginning in September. We are using this opportunity to refresh our approach and content - providing you with interesting, creative content that informs and inspires.
Don’t worry - we’ll still send business critical and operational emails as needed. And, your Regional Account Director and Regional Sales Director is just a phone call away. Of course, our sales desk staff are always available at 877-999-9883. We look forward to all of these connection points and working toward a reimagined quarterly newsletter in September.
Until September, best wishes for your continued selling success!
Cheers, Jeff
|
|
|
|
|
OneAmerica will be closed Tuesday, July 4 for the Independence Day Holiday.
|
|
| Expedited UW Limit Increase |
|
Effective June 28, 2023, All Asset Care applications with a total amount to underwrite (TATU) of $500k or less will be eligible for expedited underwriting1. The amount of insurance that can be purchased on a lifetime Continuation of Benefits (COB) Asset Care policy with the expedited underwriting process is increasing. For details on qualification for expedited underwriting, please review page 13 in I-33758 Care Solutions Process Guide. 1Underwriters may require applicants to move through full underwriting if there are no LabPiqture hits.
|
|
|
One Daily Compensation Activity is now available for you to use if you utilize OSO. This release is a continuation of our Single Experience effort. The goal is to reduce time spent between the two OneSource Online sites as you find more of what you need within the new OSO.
This feature is available for you in the OSO menu under My Business > Commissions.
Along with this new feature, Loan Payments are now available to view in the Transaction History section within policy details. This additional transaction type will allow for a more complete picture of the history of transactions on a policy and a better understanding of the policy overall.
|
|
| Changes in Credit Card Payments |
|
|
Effective June 28, 2023, due to our vendor’s processing change, we will no longer be able to accept credit cards as a method of payment. This applies to all payments, including first premium payments.
We can accept personal checks, cashier’s check, and electronic check or eCheck. Checks can be made payable to OneAmerica or to The State Life Insurance Company®.
The Credit Card Authorization form, I-34819, will be discontinued and we will no longer accept it after June 27. Please destroy any printed stock, it will not be replaced.
|
|
|
The eventual need for long-term care (LTC) will be a reality for many, and LTC protection can be vital to maintaining financial wellness in retirement. But this awkward topic keeps a lot of people from having the conversation. That’s why OneAmerica invited Ash Brokerage to collaborate on its long-term care consumer study. The results would prove valuable by arming financial professionals with insights to better serve their clients.
|
|
| Many stories, one Annual Report |
|
Individual Life and Financial Services (ILFS) saw a lot of coverage this spring. Most articles focused on our sponsorship of the National Association of Insurance and Financial Advisors' (NAIFA) eighth annual Diversity, Equity, and Inclusion Symposium, such as this one in InsuranceNewsNet and this wrap-up article on the NAIFA event featured on their website.
ILFS was spotlighted in Forbes Advisor, which featured OneAmerica among the top sellers of whole life insurance. The survey results from our long-term care consumer study continue to be referenced in top tier publications. In March, an industry thought leader quoted our long-term care study in Kiplinger.
In addition, our sponsorship of NAIFA's Eighth Annual Diversity, Equity, and Inclusion Symposium was in Yahoo! and Benzinga. And Dennis Martin , president of ILFS, was quoted in a Life Annuity Specialist article, where he gave his perspective on an innovative annuity product concept for long-term care, and in a New York Times column on long-term care concepts.
ILFS led January coverage in articles such as Yahoo! Finance, featuring OneAmerica listed among providers of long-term care protection. Our collaboration with Hanover Research to survey over 1,000 consumers about long-term care planning was in Broker World. And Vice President of Sales, Care Solutions Jeff Levin, authored an article for LTCI Partners that focuses on innovative care solutions.
|
|
|
The Compliance department strives to help you stay compliant in the complex and highly regulated financial services industry. You can access recent state-specific news below:
|
|
|
|
For use with financial professionals only. Not for public distribution. OneAmerica® is the marketing name for the companies of OneAmerica. Products issued and underwritten by The State Life Insurance Company® (State Life), Indianapolis, IN, a OneAmerica company that offers the Care Solutions product suite. Asset Care Form numbers: ICC18 L302, ICC18 L302 JT, ICC18 L302 SP, ICC18 L302 SP JT, ICC18 R537, ICC18 R538, ICC18 SA39 and ICC18 R540; L302, L302 JT, L302 SP, L302 SP JT, R537, R538, SA39 and R540. Not available in all states or may vary by state. Ash Brokerage and Hanover Research are not affiliates of the companies of OneAmerica.
NOT A DEPOSIT. NOT FDIC/NCUA INSURED. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. NOT GUARANTEED BY ANY BANK OR CREDIT UNION. MAY LOSE VALUE.
© 2023 OneAmerica Financial Partners, Inc. All rights reserved. OneAmerica® and the OneAmerica banner are all registered trademarks of OneAmerica Financial Partners, Inc. |
|
|
|
|
|
|
|
|
|
|
|
