Life Insurance with LTC Benefits

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Life Insurance with LTC Benefits

Life Insurance with LTC

Asset-Based Long-Term Care Using Life Insurance as a Foundation

EDUCATIONAL RESOURCES

To learn more about the valuable protection provided by asset-based long-term care, visit our educational resources page.

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Use existing assets to protect you and your loved ones from the expenses, and perhaps the emotional strain, that can arise when a family faces the need for long-term care.

Premium options — Use existing assets, such as a CD, savings or IRA, as a one-time-only premium payment, or choose guaranteed annual premiums that can never increase
Asset protection — Get the security of a life insurance policy that grows at a minimum, tax-deferred interest rate
Tax-free benefits — Pay no income tax if you use your life insurance for qualifying long-term care expenses — should you need it
Leave a legacy — If you never use the long-term care benefit or if you only use a portion of it, your named beneficiaries will receive the death benefit — income tax-free

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Life Insurance with Asset Based LTC Benefits

Learn more about setting aside assets in a specially designed life insurance policy that can also provide for long-term care needs. Get help with your decision when you contact an insurance agent/producer.

Can be purchased for a single person or two people with benefits available for both
Premiums can never increase and your benefits cannot change
Because it is built on life insurance, your policy’s death benefit goes to your beneficiaries if you don’t use it for long-term care
Long-term care protection becomes available when you cannot perform two of the following activities of daily living: bathing, dressing, eating, continence, toileting, transferring or if you have cognitive impairment (such as Alzheimer’s disease)
Choose protection for a specific number of months or get extended, guaranteed lifetime benefits as an option
A broad range of qualifying long-term care expenses means you can receive care in your home, use adult day care facilities or stay at a nursing home or assisted living facility. Covered care also includes qualifying hospice care, respite care, caregiver training and supportive equipment

Notes:

Policies, contracts and long-term care insurance riders are underwritten by The State Life Insurance Company, Indianapolis, Indiana. This is a solicitation of long term care insurance. Details about the cost, benefits, limitations and exclusions of these policies and long term care insurance riders will be provided to you by a licensed insurance agent/producer. When you respond, an insurance agent/producer will contact you.

To be eligible for benefits the insured must be a chronically ill individual, with qualified long-term care services provided pursuant to a plan of care prescribed by a licensed health care practitioner.

Neither State Life nor OneAmerica Securities nor their representatives provide tax or legal advice. For answers to specific questions and before making any decisions please consult a qualified attorney or tax advisor.

Any LTC benefits paid will reduce the cash value and death benefit of the policy.

ICC14 PROD-2d.3.1-INDa

PROD-2d.3.1-INDa

Don't Worry — Your Long-Term Care Needs May Be Covered

An insurance agent/producer can help you plan an overall strategy that gives you confidence that your long-term care needs are covered. Putting your assets into a life insurance plan with long-term care benefits is a great idea if you:

Want to help safeguard the rest of your estate by making sure potential long-term care expenses are covered
Have average or better than average health
Want to help protect loved ones from the stress and expense of providing long-term care
Have a CD maturing and you want to redirect it to cover your potential long-term care needs
Want help with long-term care coverage, but you don’t want another bill
Want to protect your assets from additional taxes

Notes:

Neither State Life nor OneAmerica Securities nor their representatives provide tax or legal advice. For answers to specific questions and before making any decisions, please consult a qualified attorney or tax advisor.

ICC14 PROD-2d.3.1-INDb

PROD-2d.3.1-INDb

Make Sure Everything Is Always Up-to-Date

If you already have a life-insurance based long-term care product from the companies of OneAmerica^®, make sure you keep your account information up to date and stay actively involved in your overall financial strategy. Contact your insurance agent/producer for help or manage your account online.

Notes:

ICC14 PROD-2d.3.1-INDc

PROD-2d.3.1-INDc

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