Life Insurance With Long-Term Care Benefits


Asset-Care Photo


Asset-Care® is an life insurance with LTC benefits issued and underwritten by The State Life Insurance Company. Clients receive a guaranteed amount of life insurance, all of which can be used for qualifying long-term care expenses. In addition, the premium is credited with a guaranteed interest rate and the cash value increases each month.

Asset-Care® Overview

Asset-Care is whole life insurance that allows access to 100% of its death benefit for qualifying long-term care expenses (paid monthly). Clients can help protect their assets from the risk of long-term care expenses while at the same time receiving guaranteed cash value growth and death benefits. Even if care is never needed, Asset-Care provides value. It can be purchased with a one-time single premium or annual premiums. Asset-Care is available to single or joint insureds, and key aspects of the joint version have received a patent from the U.S. Patent and Trademark Office.


  • 100% of death benefit available for qualifying long-term care expenses (LTC benefits paid monthly). (See outlines of coverage and illustrations for complete long-term care coverage details.)
  • Patented joint-life insurance option provides benefits for both insureds with a second-to-die death benefit
  • Optional noncancellable lifetime LTC coverage
  • Guaranteed return of premium (Asset-Care I, II and III)

Policy structure

  • Asset-Care I: Single-premium whole life insurance
  • Asset-Care II: Non-qualified annuity and 20-pay whole life insurance
  • Asset-Care III: Individual retirement annuity (IRA) and 20-pay whole life insurance
  • Asset-Care IV: Limited (10–20 pay) and continuous premium whole life insurance

Available Options

  • Asset-Care Plus rider can provide lifetime extension of LTC benefits with guaranteed premiums
  • Inflation protection rider can automatically increase base policy LTC benefits

Issue ages

  • Ages 40–80 single and joint life (single premium); 20–80 (ongoing premium)

Primary Market

  • Ages 50–75

Funds accepted

  • CDs

  • IRAs

  • Other qualified funds

  • Mutual funds

  • Annuities

  • Savings and money markets

How Asset-Care Care® Works

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

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