State Life Annuity Care Provides Enormous Benefits Over CDs and Traditional Annuities

With State Life Annuity Care, a single-premium deferred annuity, clients can access cash value for qualifying LTC expenses with a credited interest rate for these funds. Annuity Care can offer an attractive alternative for those self funding their future long-term care expenses. With Annuity Care:

• Clients have a minimal number of questions to answer,
• There are no exams and
• The entire underwriting process is generally completed within 72 hours of receipt of the application at the Home Office.

Annuity Care is a product uniquely positioned to take advantage of the Pension Protection Act, which allows certain tax advantages for annuities with long-term care provisions.

State Life Annuity Care Offers Guaranteed Competitive Rates

Annuity Care is a single premium policy that offers an interest rate competitive with other annuities. Annuity Care I offers a current and guaranteed rate of 2%. Annuity Care II currently offers a 2.6% rate on accumulated funds. Product availability depends upon the state of issue.

Long Term Care Benefits If Needed

Funds are credited at 4% (for Annuity Care I) if used for LTC. Withdrawals to pay qualified long-term care expenses are TAX FREE. An additional rider is available which extends the long-term care benefits for 36 months or for the lifetime of the annuitant. Inflation protection is also available.

Fast, Easy Underwriting

No exam. No blood work. Just a short medical form and interview. We have a 95% approval rate in as little as 30 minutes. Clients unable to qualify for standalone long-term care policies, or even other asset-based long-term care policies, might be able to qualify for Annuity Care.

State Life Annuity Care Is Ideal For The Senior Market

Annuity Care is available for ages 50-85 with premiums between $10k and $500k. It's an excellent alternative to CDs, IRAs, traditional annuities, and other accounts. Clients without a need to access the funds in the future can create a larger LTC pool and death benefit through Asset Care

Perfect for 1035 Exchanges

Funds can be transferred from older annuities into Annuity Care. Even if the older annuity has accumulated gains, funds paid for qualified long-term care expenses can be received on a tax-free basis.