An Annuity With Long-Term Care Benefits

Annuity Care

Annuity Care Photo

Annuity Care®

Annuity Care® 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, extended long-term care benefits can be purchased with guaranteed premiums. Annuity Care can be a safe place to grow “just-in-case” funds and help protect against the cost of unexpected long-term care expenses.

Annuity Care® Overview

Annuity Care is a single premium deferred annuity that provides access to its cash value for qualifying long-term care expenses with a higher credited interest rate on funds withdrawn for LTC purposes. With the addition of Annuity Care Plus, up to lifetime benefits can be obtained with premiums guaranteed never to increase. The Pension Protection Act allows Annuity Care to offer significant tax advantages, including income tax-free withdrawals for long-term care expenses.

Features

  • Higher interest rate credited to funds withdrawn for qualifying LTC expenses (paid monthly). See outlines of coverage and illustrations for complete long-term care coverage details.
  • Optional lifetime extension on LTC benefits with guaranteed premiums
  • Underwriting generally completed within 72 business hours of receipt of application
  • Pension Protection Act compliant

Policy structure

  • Single premium deferred annuity

Available Options

  • Annuity Care Plus Continuation of Benefits for Long-Term Care option
  • Eligible person option allows spouse to utilize long-term care provisions

Issue ages

  • Ages 50–85

Primary Market

  • Ages 70–85

Funds accepted

  • CDs
  • IRAs
  • Other qualified funds
  • Mutual funds
  • Annuities
  • Savings and money markets

How Annuity Care® Works

Illustration Request


 

Illustration information

Premium: Single Premium


What Long-Term Care Plan is Right for Your Client?

Take our quick survey to rate your long-term care need and identify your client’s planning options.

Long-Term Care Evaluator

How Much Will Long-Term Care Cost?

Find the cost of Long-Term Care Across the United States with our Long-Term Care Calculator.

Long-Term Care Calculator