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Guaranteed returns with just-in-case protection

In the past, life insurance and long-term care protection were thought of as two distinct categories. But what good is a large payout after your death if you can’t afford long-term care while you’re still alive? That’s why we offer a way to tap into your life insurance to help pay for long-term care when you need it most.


By adding long-term care protection to your whole life coverage, you get a policy that offers a minimum, tax-deferred interest rate — plus, a way to pay for long-term care if you need it. 


You have options. The policy can be funded with a one-time payment, or through premium payments that never increase. And even if you do end up tapping into your long-term care benefit, your loved ones will still receive the remainder of your death benefit — and it can be income-tax free.

How it works

Simply put, this product allows access to your death benefit prior to your death to pay for long-term care needs. Here are some key details:

  • It can be purchased for a single person or two people with benefits available for both.
  • Premiums never increase, and your benefits cannot change.
  • Because it’s 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 six activities of daily living:  bathing, dressing, eating, continence, toileting, transferring (moving from a chair or bed), 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.
  • The policy allows for care in your home, adult day care facility, nursing home or assisted living facility. Covered care also includes qualifying hospice care, respite care, caregiver training and supportive equipment.

Why it's popular

Generally speaking, it’s a good choice for people who:

  • Want to help safeguard their estates 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 want to redirect it to cover their potential long-term care needs.

  • Want help with long-term care coverage, but don’t want another bill.

  • Want to protect assets from additional taxes.

Where to start

If you’d like to know more about long-term care protection using life insurance, we’re here for you. Talk to your financial professional about options, or if you need a financial professional, let us help you find one.

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. All guarantees are subject to the claims-paying ability of State Life. 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.


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