An Annuity With Long-Term Care Benefits

Annuity Care® II

Annuity Care II Photo

Annuity Care® II

Annuity Care® II is an 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 Overview

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. Annuity Care II can be an attractive option for those seeking long-term care protection and tax advantages while avoiding annual, nonguaranteed premiums.


  • Higher interest rate credited to funds withdrawn for qualifying long-term care expenses
  • Pension Protection Act compliant

  • Underwritten with no medical exams
  • Available to single and joint insureds (annuitants)

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

  • Ages 40–80

Primary Market

  • Ages 65–80

Funds accepted

  • Non-qualified premium sources only

How Annuity Care® II Works

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Premium: Single Premium

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