OneAmerica Financial Launches Asset Care 2024
OneAmerica Financial is excited to unveil Asset Care 2024, a product designed to assist clients in managing long-term care (LTC) expenses effectively. Whether you're planning for possible future health needs or wish to provide a financial legacy for your family, Asset Care offers a variety of solutions crafted with care and flexibility. With competitive pricing, inflation protection, and support for informal caregivers, it's a thoughtfully enhanced product that responds to customers' current demands in the market.
Addressing Care Needs
According to Dennis Martin, president of Individual Life and Financial Services, the launch of this new product is more than a simple addition to their offerings. ''It recognizes the growing need for informal care with a solution that helps to support caregivers who often face unique challenges,'' Martin emphasized, marking a significant advancement in care support.
Key Features of Asset Care 2024
Asset Care 2024 introduces several key enhancements based on comprehensive market research, including:
- Increased benefits to bolster informal caregiving, supporting independent providers and in-home care.
- Expanded options for inflation protection that safeguard against the rising costs of LTC.
- Streamlined benefit periods that simplify the experience for both sales representatives and consumers.
- Enhanced pricing models that provide better value to many clients.
Consumer Insights
Recently, a survey conducted by OneAmerica Financial shed light on consumer sentiments regarding LTC insurance. Many respondents reported a lack of confidence in their current LTC plans and highlighted the high costs as a substantial barrier to purchasing. With the new features in Asset Care 2024, consumers can feel reassured they are making a sound investment with fixed pricing, providing peace of mind as they navigate the complexities of aging.
Support for Families
As the demographic landscape shifts with a growing aging population, the need for support has never been more pronounced. According to Jeff Levin, vice president of Care Solutions, the team at OneAmerica Financial is committed to providing ongoing support and guidance. ''Our Care Benefit Concierge teams are here to provide empathy and real strategies, helping families focus on what is most important — their loved ones.'' This dedication underscores the organization's commitment to holistic care.
Growing Need for Long-Term Care Solutions
The need for LTC solutions is intensifying, especially among the Baby Boomer generation entering their 40s and 50s, who may find themselves in caregiving roles for aging parents. This demographic shift is fostering a new awareness of the importance of having a comprehensive LTC plan in place. With the innovations in Asset Care 2024, OneAmerica Financial is poised to meet consumers where they are in their life journey, adapting to their evolving needs.
About OneAmerica Financial
OneAmerica Financial is a recognized national provider of financial services, committed to helping individuals create a more secure financial future. With a legacy spanning nearly 150 years, the company has consistently aimed to advance financial security, providing solutions tailored across life insurance, retirement planning, employee benefits, and long-term care. A mutual organization that places a strong emphasis on its customers’ interests, OneAmerica Financial is steadfast in its focus on value and financial stability, ensuring that clients receive the best services possible.
For more information, visit OneAmerica.com.
Frequently Asked Questions
What is Asset Care 2024?
Asset Care 2024 is a long-term care product introduced by OneAmerica Financial, designed to help clients manage LTC expenses effectively.
What are the key features of Asset Care 2024?
Key features include enhanced support for informal caregiving, expanded inflation protection, simplified benefit periods, and improved pricing for clients.
Why is long-term care insurance important?
Long-term care insurance helps cover the costs of care that may arise due to aging or health conditions, providing financial security and peace of mind.
How does OneAmerica Financial support families?
OneAmerica Financial offers guidance through Care Benefit Concierge teams, who provide support, empathy, and strategies to help families manage caregiving challenges.
How long has OneAmerica Financial been in operation?
OneAmerica Financial has been advancing financial security for nearly 150 years, focusing on the needs and interests of its customers.
