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

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

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: 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.

 

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: 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.

 

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-INDc

 

PROD-2d.3.1-INDc