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    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
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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