ImmediateCare®
ImmediateCare®
immediate annuity for individuals currently receiving long-term care issued and underwritten by The State Life Insurance Company
Regardless of how long care lasts, ImmediateCare can help provide income to maintain the level of quality care desired — whether in assisted living, respite care or care in a home, hospice or adult day care.
ImmediateCare is a medically underwritten single premium immediate annuity designed to help fund the cost of an existing long-term care need with monthly payments guaranteed for life. No matter how long care lasts, ImmediateCare can help maintain the level of quality care desired while at the same time protecting assets from the costs associated with an extended care stay.
Features
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Designed for individuals currently receiving LTC
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Provides lifetime monthly income to help pay for the unknown cost of LTC
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Helps to limit losses to an estate
Policy structure
- Single-premium immediate annuity
Available Options
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Annuity Payment Increase option
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Refund of premium options
Issue ages
- 75–99
Primary market
- Ages 80–95
Funds accepted
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CDs
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IRAs
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Other qualified funds
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Mutual funds
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Annuities
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Savings and money markets
