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Asset Care®

Whole life insurance with long-term care benefits.

portrait of happy smiling senior couple at home

Asset Care is a whole life insurance policy — your asset — designed to help pay for long-term care expenses if they’re needed. Your premium payment provides a guaranteed death benefit that can be accessed, tax-free, to help pay for qualifying long-term care services.

With Asset Care, you’re free to choose from a range of flexible caregiving options that align with your policy and plan of care. Get started with care provided by a family member or friend at home — and keep your options open. Transition to professional support through independent providers or home health care agencies, or more managed options as needed.

  • Informal Care

    Some early long-term care needs do not require specialized knowledge or physical intervention, and those needs can be met by family and friends1 in your home.

  • Home health care

    Medical and nonmedical services, including those offered by independent2 providers, can allow you or a loved one to continue living safely and comfortably at home. While assisting with the activities of daily living, service providers may also help with tasks like cooking, cleaning and laundry.

  • Adult day care

    Day programs provide care, companionship and activities for older adults and give caregivers freedom to go to work, handle personal business or relax.

  • Assisted living3

    Residents usually live in their own apartments or rooms and share common areas. They have access to services, meals, laundry, social and recreational activities, assistance with personal care, and 24-hour supervision.

  • Nursing home

    Skilled nursing facilities provide services with a greater focus on medical care than most assisted living facilities. Services typically include nursing care, 24-hour supervision, three meals a day and assistance with everyday activities.

Woman and child on a park bench while their photo is being taken

Guaranteed protection

Asset Care provides for all the guarantees associated with whole life insurance, but with the potential for use when long-term care needs arise.

  • Once the policy is issued, we cannot increase premiums for that coverage.
  • Long-term care benefits never decreased
  • Cash value growth
  • Death benefit if not used for long-term care expenses
  • Option to have your premium returned5

Tailoring a policy for you and your family

With Asset Care, you’re free to choose from a variety of ways to pay for and customize your policy.

  • Different ways to fund your policy:

    Adding Asset Care to your financial protection strategy doesn’t have to add to your expenses. Work with your financial professional to identify optional ways to fund your Asset Care policy which can include using cash premiums, such as savings or current income, in either a single or recurring payment, qualified or non-qualified dollars.

  • Options to customize your policy

    In addition to guarantees outlined above, Asset Care offers a variety of options to help customize your long-term care benefits to meet your specific needs, including:

    • Single or joint protection
    • Inflation protection
    • Length of benefit, up to your lifetime benefits6

You have a team beside you

Asset Care can help ease the physical, financial, and emotional burdens of long-term health care and aging while helping to minimize stress on your loved ones. It can provide you and your family with an option to access a support network that shares ongoing guidance, helps keep informal caregivers healthy and helps protects family relationships. From day one of your claim, your Care Benefit Concierge will assist to alleviate burdens and be your go-to resource for your long-term care benefits and beyond.

Want to learn more about long-term care protection

Contact your insurance agent/producer or find a financial professional

The companies of OneAmerica Financials have appointed general agencies across the country to give you local, personalized support. Click on the icon closest to you to learn more and start the conversation. If you don’t see your state or region represented, call us at 877-999-9883, option 2 or email oasalesdesk@oneamerica.com.

Or select a state

Already have long-term care protection?

Before starting any long-term care services, contact OneAmerica Financial to confirm that your chosen services and providers align with your policy benefits. This proactive step can streamline your claims process and help ensure you receive the care benefits you’re entitled to.

 

Contact OneAmerica Financial today at 800-352-6608 to get started!

1. In California, needs can be met by unskilled providers.


2. In California, independent providers are under the personal care services provision.


3. In California, assisted living facilities are also known as residential care facilities.


4. Long-term care benefits can change due to loan activity or face amount reductions.


5. Only available with Single Premium policy with Return of Premium Rider.


6. Continuation of benefits for long-term care insurance rider is available for an additional cost.

 

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. 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. Asset Care Form numbers: ICC18 L302, ICC18 L302JT, ICC18 L302 SP, ICC18 L302 SP JT, ICC18 SA39 and ICC18 R540; L302, L302 JT, L302 SP, L302 SP JT, R537, R538, R545 and R546. Indexed Annuity Care form numbers; ICC14 SA36, ICC14 R529 PPA, ICC14 R529, ICC14 R530 PPA, ICC14 R530, SA26, R529 PPA, R529, R530PPA, R530


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. Care Benefit Concierge services is a company practice and may be subject to change. All guarantees are subject to the claims-paying ability of State Life.
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