Annuity Care
Annuity Care®
Ask your insurance representative today how Annuity Care can work for you.
About OneAmerica and State Life OneAmerica Financial Partners, Inc., has a solid foundation with more than 125 years in the insurance and financial services marketplace. The State Life
The State Life Insurance Company P.O. Box 406 Indianapolis, IN 46206 (317) 285-2300 www.oneamerica.com
I-18563
Make the assets you spent a lifetime to build...last a lifetime.
Insurance Company is part of the OneAmerica family of companies and offers life insurance, annuities and long-term care insurance solutions across the United States (licensed in every state except New York).
© 2006 The State Life Insurance Company. All rights reserved. OneAmerica® and the OneAmerica banner are all registered trademarks of OneAmerica Financial Partners, Inc. Annuity Care is issued and underwritten by The State Life Insurance Company, a OneAmerica company, of Indianapolis, IN. Policy form number SA34 may not be available in all states or may vary by state. I-18563 6/13/06
I-18563
Not a Deposit • Not FDIC Insured Not Guaranteed by Any Bank Not Insured by Any Federal Government Agency
Products and financial services provided by
® OneAmerica companies | a OneAmerica The State Life Insurance Company
®
company
If you have not purchased long-term care insurance yet, we probably know why. Typically, there are four reasons why people
When you make decisions about your LTC
have not yet purchased long-term care (LTC)
protection plan, there are two important
insurance. Do these sound familiar to you?
questions to consider:
1. “It won’t happen to me.” Nobody wants to consider the possibility of needing long-term care in the future. It is not the way we want or expect things to be. However, Americans are living longer. You may know someone who is receiving care and did not anticipate needing it. (Although no one can make this any easier on you, you can find help with the next three.)
1. Are you comfortable in totally self-funding? Some individuals have already set aside $75,000 to $100,000 or more in annuities, IRAs, CDs and money market funds to cover the costs of a potential LTC stay.
2. “I am concerned my premiums could increase.” With LTC insurance, there is a chance the price could increase and become unaffordable when you need the benefits most. This problem can be solved with Annuity Care®. 3. “It’s too hard to fill out the application, and it takes too long to get approved.” Applying for insurance can be a difficult process. However, with Annuity Care, the application is brief. There are no medical exams and, after a telephone interview, the time frame for a decision is short. 4. “Unless I need long-term care, I will never collect any benefits.” With Annuity Care, you will have the benefits of LTC insurance if you need them. If you don’t have a need or only need some protection, your annuity’s cash accumulation value will go to your named beneficiaries.
Annuity Care Plus: Optional lifetime coverage • Can provide either lifetime or an additional 36 months of monthly LTC benefits. 3 • Provides guaranteed premiums with rates that will never increase. • Can provide inflation protection, if elected, against the rising cost of LTC. • Can be paid with a single premium or on an annual basis.
Annuity Care: • Can provide LTC benefits1 through the use of a single-premium deferred annuity. • Earns tax-deferred interest each year. • Provides monthly benefits for qualifying home health care, assisted living and nursing home care expenses for at least 36 months. • Provides benefits after a seven-day waiting period. • If LTC is never needed, upon your death, your named beneficiary will receive the balance of your cash accumulation fund. You may also make cash withdrawals or surrender your cash accumulation, but this will impact the amount available for LTC benefits and surrender charges may apply. 2. If you are not comfortable in totally self-funding, how much risk do you want to insure? Self-funding may not be enough to cover all your LTC needs. Complete self-funding could fall short if there is an extended, longer-than-average LTC stay or if care for both a husband and a wife is needed. This is when the Annuity Care Plus2 option can provide further protection of your assets.
1. The company may credit a higher interest rate to amounts withdrawn for qualifying long-term care expenses. 2. The T Annuity Care Plus option requires additional premium and is subject to state availability. 3. Monthly LTC benefits are available from Annuity Care Plus after the Annuity Care LTC benefits have been exhausted under the terms of the policy.
Annuity Care, a single-premium deferred annuity with LTC benefits, is medically underwritten and requires that you qualify for coverage. To learn how this policy can work for your situation, ask your insurance representative for a personalized illustration and an Outline of Coverage.
Ask your insurance representative today how Annuity Care can work for you.
About OneAmerica and State Life OneAmerica Financial Partners, Inc., has a solid foundation with more than 125 years in the insurance and financial services marketplace. The State Life
The State Life Insurance Company P.O. Box 406 Indianapolis, IN 46206 (317) 285-2300 www.oneamerica.com
I-18563
Make the assets you spent a lifetime to build...last a lifetime.
Insurance Company is part of the OneAmerica family of companies and offers life insurance, annuities and long-term care insurance solutions across the United States (licensed in every state except New York).
© 2006 The State Life Insurance Company. All rights reserved. OneAmerica® and the OneAmerica banner are all registered trademarks of OneAmerica Financial Partners, Inc. Annuity Care is issued and underwritten by The State Life Insurance Company, a OneAmerica company, of Indianapolis, IN. Policy form number SA34 may not be available in all states or may vary by state. I-18563 6/13/06
I-18563
Not a Deposit • Not FDIC Insured Not Guaranteed by Any Bank Not Insured by Any Federal Government Agency
Products and financial services provided by
® OneAmerica companies | a OneAmerica The State Life Insurance Company
®
company
If you have not purchased long-term care insurance yet, we probably know why. Typically, there are four reasons why people
When you make decisions about your LTC
have not yet purchased long-term care (LTC)
protection plan, there are two important
insurance. Do these sound familiar to you?
questions to consider:
1. “It won’t happen to me.” Nobody wants to consider the possibility of needing long-term care in the future. It is not the way we want or expect things to be. However, Americans are living longer. You may know someone who is receiving care and did not anticipate needing it. (Although no one can make this any easier on you, you can find help with the next three.)
1. Are you comfortable in totally self-funding? Some individuals have already set aside $75,000 to $100,000 or more in annuities, IRAs, CDs and money market funds to cover the costs of a potential LTC stay.
2. “I am concerned my premiums could increase.” With LTC insurance, there is a chance the price could increase and become unaffordable when you need the benefits most. This problem can be solved with Annuity Care®. 3. “It’s too hard to fill out the application, and it takes too long to get approved.” Applying for insurance can be a difficult process. However, with Annuity Care, the application is brief. There are no medical exams and, after a telephone interview, the time frame for a decision is short. 4. “Unless I need long-term care, I will never collect any benefits.” With Annuity Care, you will have the benefits of LTC insurance if you need them. If you don’t have a need or only need some protection, your annuity’s cash accumulation value will go to your named beneficiaries.
Annuity Care Plus: Optional lifetime coverage • Can provide either lifetime or an additional 36 months of monthly LTC benefits. 3 • Provides guaranteed premiums with rates that will never increase. • Can provide inflation protection, if elected, against the rising cost of LTC. • Can be paid with a single premium or on an annual basis.
Annuity Care: • Can provide LTC benefits1 through the use of a single-premium deferred annuity. • Earns tax-deferred interest each year. • Provides monthly benefits for qualifying home health care, assisted living and nursing home care expenses for at least 36 months. • Provides benefits after a seven-day waiting period. • If LTC is never needed, upon your death, your named beneficiary will receive the balance of your cash accumulation fund. You may also make cash withdrawals or surrender your cash accumulation, but this will impact the amount available for LTC benefits and surrender charges may apply. 2. If you are not comfortable in totally self-funding, how much risk do you want to insure? Self-funding may not be enough to cover all your LTC needs. Complete self-funding could fall short if there is an extended, longer-than-average LTC stay or if care for both a husband and a wife is needed. This is when the Annuity Care Plus2 option can provide further protection of your assets.
1. The company may credit a higher interest rate to amounts withdrawn for qualifying long-term care expenses. 2. The T Annuity Care Plus option requires additional premium and is subject to state availability. 3. Monthly LTC benefits are available from Annuity Care Plus after the Annuity Care LTC benefits have been exhausted under the terms of the policy.
Annuity Care, a single-premium deferred annuity with LTC benefits, is medically underwritten and requires that you qualify for coverage. To learn how this policy can work for your situation, ask your insurance representative for a personalized illustration and an Outline of Coverage.
