New offerings allow for greater flexibility with long-term care, qualified funds

INDIANAPOLIS, Sept. 21, 2026 /PRNewswire/ — OneAmerica Financial today announced enhancements to its Asset Care product suite, providing individuals and families with greater flexibility when planning for future long-term care (LTC) needs while helping protect assets and preserve a financial legacy.

The updates include new benefit options within Asset Care and expanded capabilities for Annuity Funding Whole Life (AFWL), a solution designed to help eligible individuals use qualified retirement assets to fund linked-benefit long-term care protection.

“Every family’s financial situation and long-term care priorities are unique,” said Bud Graessle, senior vice president of ILFS distribution and product development at OneAmerica Financial. “These enhancements provide greater flexibility for financial professionals and their clients to tailor effective solutions that support broader retirement, estate and legacy goals.”

OneAmerica Financial has added a new three-year Acceleration of Benefits (AOB) option for both individual and joint Asset Care policies. Previously, Asset Care products offered a two-year AOB option. Existing Continuation of Benefits (COB) options will continue to be available. The additional AOB option gives clients more flexibility when designing coverage and balancing long-term care benefits with legacy goals. In some scenarios, the design may allow a death benefit that equals or exceeds premiums paid, an important consideration for individuals who want both long-term care protection and value preservation for beneficiaries. The Asset Care AOB three-year feature will be available alongside current offerings to accommodate different coverage durations.

OneAmerica Financial also continues to lead the industry when it comes to options for individuals with qualified funds and expanded its AFWL offering, which allows eligible clients to use an annuity to gradually fund a whole life insurance policy with Asset Care long-term care benefits. For individuals asking whether an annuity can be used to fund a whole life policy, AFWL is designed specifically for that purpose, allowing qualified retirement assets to move methodically into a policy with long-term care features.

In addition to the organization’s current 10-year annuity income rider, OneAmerica Financial is now adding a 5-year rider and a 20-year rider option. These riders can be paired with Asset Care long-term care enhancements to better match funding timelines and benefit preferences.

These new enhancements were developed in response to evolving consumer needs in the LTC space and a growing demand for more personalized planning choices.

The updates help individuals and families:

• Customize long-term care protection to fit their financial priorities.
• Explore additional strategies for inherited IRA assets.
• Manage retirement and tax considerations through shorter or longer distribution periods.
• Balance long-term care benefits with death benefit preservation goals.
• Address a wider range of family ownership and LTC planning situations.

Whether focused on future care needs, wealth preservation, qualified retirement assets or tax-efficient retirement strategies, financial professionals and their clients now have more ways to customize Asset Care solutions to meet their goals. By integrating an annuity with whole life insurance, clients can leverage both structures to help address long-term care needs while supporting income and legacy objectives.

About OneAmerica Financial: OneAmerica Financial® is a national financial services organization helping people build greater certainty for better moments, every day. The companies of OneAmerica Financial have been advancing financial security for almost 150 years, supporting millions of customers with solutions across life insurance, retirement, employee benefits and long-term care. As a people-first mutual organization, OneAmerica Financial prioritizes customers’ interests and maintains a long-term focus on both value and financial stability. For more information, visit OneAmerica.com.

OneAmerica Financial® is the marketing name for the companies of OneAmerica Financial. Products issues and underwritten by The State Life Insurance Company® (State Life), Indianapolis, IN a OneAmerica Financial 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 R532, ICC18 R533, ICC18 R539, ICC18 SA39, ICC18 R540, ICC24 R545, ICC24 R546 and ICC24 R547.Not available in all states or may vary by state. Provided content is for overview and informational purposes only and is not intended as tax, legal, fiduciary, or investment advice.

Media Contact:
Zach Osowski
media@oneamerica.com

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SOURCE OneAmerica Financial