Annuity Care® II

Annuity Care photo

Annuity Care® II

Annuity with LTC benefits issued and underwritten by The State Life Insurance Company

Clients can access their cash value for qualifying long-term care expenses on a tax-advantaged basis. In addition, it provides built-in extended long-term care benefits with guaranteed premiums.

Annuity Care II is a single premium deferred annuity designed to provide clients with the benefits afforded annuities with LTC provisions through the Pension Protection Act. It offers income tax-free withdrawals for qualifying long-term care expenses and a convenient, built-in continuation of benefits that provides long-term care protection even after exhaustion of the annuity's values.



Policy structure

  • Single premium deferred annuity with a built in Continuation of Benefits provision that can provide clients with a combination of the annuity value and additional long-term care benefits should they be needed.

Available Options

  • 3, 6, and 9 year extended benefit periods (depending upon age of applicant)

  • Reimbursement and indemnity claims payment options

  • Eligible person allows spouse to utilize long-term care provisions

Issue ages

  • 40–80

Primary market

  • Ages 65–80

Funds accepted

  • Non-qualified premium sources only

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  Financial Institution

Producers who work specifically in a bank or credit union.
Producers who are independent or affiliated with a marketing organization, wirehouse, or non-financial institution broker/dealer.