Asset Care

Asset Care allows your clients to use the power of life insurance to help protect themselves and their loved ones from the expenses, and perhaps more importantly, the burden and emotional toll, that can arise when a family faces a long-term care event. Asset Care offers:

Asset Protection

Get the security of a life insurance policy that grows at a minimum, tax-deferred interest rate

Flexible Premium Options

Clients can existing assets, such as a CD, savings or IRA, for a one-time-only premium payment, or choose guaranteed annual premiums that can never increase

Tax-free Benefits

Pay no income tax if use of the life insurance policy is to pay for qualifying long-term care expenses

Leave a Legacy

If clients you never use the long-term care benefit or only use a portion of it, their named beneficiaries will receive the death benefit — income tax-free


Long-term care protection using life insurance

As your clients look ahead to retirement, their plans frequently center on their love and commitment to family. Today, many older Americans worry they’ll one day become a financial or emotional burden to the people they love most. If a client experiences a health event and requires long-term care, their family members may have no other option than to become their caregivers. Asset Care allows your clients to have the option to accelerate their life insurance death benefit to help pay for needed care. Lifetime benefits, joint life protection, and a variety of payment approaches can help your clients create protection that fits their priorities.


Policy form series: ICC18 L302, ICC18 L302 JT, ICC18 L302 SP, ICC18 L302 SP JT, ICC18 R537, ICC18 R538, ICC18 SA39, and ICC18 R540.

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Use our Quick Quote Tool to explore Asset Care rates and benefits.

Want to learn more?

Below are a few client- and producer-facing materials to use as reference in your selling activities or to understand the flexibility of this product. Asset Care offers countless ways to customize a strategy to meet your clients’ needs. 

NOTE: National version of all brochures shown here; may not be the acceptable version in every state. To ensure you are using the correct version of this brochure for your state/client’s state, please reach out to our Care Solutions Sales Desk at 844-833-5520.

How Asset Care Works

How Asset Care uses life insurance to help provide long-term care benefits

Asset Care Consumer Brochure

Asset Care description and high-level features

Single Premium Whole Life

Funding Asset Care with a single life insurance premium payment

Asset Care with Return of Premium Option

Understanding Asset Care with a Return of Premium option

Recurring Premium Whole Life

Funding Asset Care with multiple premium payments over time

Annuity Funding Whole Life

Funding Asset Care using existing qualified assets

The OneAmerica Difference

Understand the combination of unique qualities we bring to the LTC marketplace

Your Clients Aren’t Average

Focus on the average length of long-term care benefits might not be adequate for your clients

Use of Income Instead of Assets

Understanding how your clients can purchase Asset Care using recurring premium payments

Use IRA Dollars to Fund Asset Care

Understanding how your clients can purchase Asset Care using IRA dollars not needed for retirement income


This website page is designed for Financial Professionals. OneAmerica Financial is the marketing name for the companies of OneAmerica Financial. Products issued 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 SP, ICC18 L302 JT, ICC18 L302 SPJT, ICC18 R537, ICC18 R538, ICC18 SA39, 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.

Contact us. We’re here to help.

Reach out to a Regional Sales Director in your assigned region or our Care Solutions Sales Desk at 844-833-5520 for support.