Traditional long-term care insurance can feel like “use it or lose it.” Asset-based LTC takes a different approach: reposition an existing asset into a strategy designed to provide long-term-care protection while preserving value for you or your beneficiaries if care is never needed.

1. Asset Care®: Whole Life + Long-Term Care

Best for: Clients who want LTC protection + a guaranteed death benefit and legacy component.

Key Features and Benefits

• Whole Life Foundation: Asset Care is a whole life insurance policy specifically designed to help fund qualified long-term-care expenses.
• One Asset, Multiple Purposes: The policy’s death benefit can be accessed to pay for qualifying LTC needs; unused value can ultimately provide a death benefit to beneficiaries.
• Care Where You Want It: Depending on policy provisions, benefits can support care at home, including certain informal care from family or friends, as well as professional home health, assisted living and facility care.
• Lifetime Protection Available: Optional benefit structures can extend LTC protection up to a lifetime.
• Legacy Protection: If LTC is never needed, the life insurance death benefit remains available for beneficiaries, subject to policy terms.
• Care Benefit Concierge: OneAmerica provides support to help families navigate benefits, claims and care decisions.

Simple Idea: Your money has a job whether you need care or not: care for you, or a legacy for the people you love.

2. Annuity Care®: Fixed Annuity + LTC Benefits

Best for: Clients with cash, CDs, savings or existing annuity assets who want to reposition money toward future LTC protection.

Key Features and Benefits

• Single-Premium Deferred Annuity: An existing asset is repositioned into an annuity designed specifically with LTC benefits.
• Enhanced Value for LTC: The product uses separate accumulated-value concepts, with additional value designed specifically for qualifying LTC expenses.
• Tax Advantages for Care: Under applicable Pension Protection Act rules, qualifying LTC benefit payments can receive favorable federal income-tax treatment.
• Extend the Protection: Additional LTC benefits can be purchased beyond the annuity’s base benefits, with guaranteed premiums.
• Not “Use It or Lose It”: Remaining annuity value can retain value for the owner or beneficiaries rather than disappearing simply because LTC wasn’t needed.
• Care Benefit Concierge: OneAmerica provides assistance with the LTC claim process and ongoing support for the family.

Simple Idea: Turn an existing conservative asset into an asset that can do more if long-term care becomes necessary.

3. Annuity Care® II: Built-In Extended LTC Protection

Best for: Clients who want the predictability of a fixed annuity with extended LTC benefits already built into the design.

Key Features and Benefits

• Built-In Continuation of Benefits: This is the major distinction from Annuity Care: extended LTC protection is incorporated into Annuity Care II rather than simply being an optional add-on.
• Base LTC Protection: Current OneAmerica materials describe 24 months of base LTC benefits for an individual and 30 months for a joint contract.
• Extended Care After the Base Benefit: Once base LTC benefits are exhausted, the built-in continuation provision can provide additional years of benefits, subject to issue age and contract provisions.
• Guaranteed Interest Component: Minimum guaranteed interest is credited to the annuity’s applicable value accounts.
• Tax-Efficient LTC Strategy: Existing annuity assets may potentially be repositioned to create more tax-efficient LTC funding, subject to tax rules and individual circumstances.
• Unused Money Still Matters: Funds not consumed for LTC can remain available for heirs rather than making the strategy purely “use it or lose it.”

Simple Idea: Take an existing asset and build an extended-care safety net directly around it.

4. Indexed Annuity Care®: Growth Potential + LTC Leverage

Best for: Clients who want principal protection, index-linked growth potential and leveraged LTC benefits in one strategy.

Key Features and Benefits

• Fixed Indexed Annuity Foundation: Rather than directly investing in the market, interest-crediting potential is linked to index strategies while providing protection from index-market losses under the contract’s terms.
• Growth Can Help LTC Protection Grow: As account value grows, the amount available for qualifying LTC expenses can also increase according to the contract’s provisions.
• LTC Leverage: The available LTC benefit can exceed the underlying policy value, creating additional dollars specifically earmarked for qualifying care.
• Extended or Lifetime LTC Available: Optional continuation-of-benefits coverage can extend protection beyond the base benefit, including lifetime options.
• Tax-Free Qualifying LTC Benefits: For appropriately funded contracts, qualifying LTC withdrawals can receive favorable federal income-tax treatment under Pension Protection Act provisions.
• Unused Value Isn’t Automatically Lost: The annuity retains an account value, providing another purpose for the asset if extensive LTC is never required.

Simple Idea: Protect the principal, pursue index-linked growth, and turn the asset into a larger pool of money if long-term care is needed.

The Provest Perspective

• Asset Care®: Whole Life + LTC + Legacy
• Annuity Care®: Fixed Annuity + LTC
• Annuity Care® II: Fixed Annuity + Built-In Extended LTC
• Indexed Annuity Care®: Index-Linked Growth Potential + LTC Leverage

The common philosophy is powerful: you don’t necessarily have to purchase LTC protection with dollars that serve only one purpose. Existing assets can potentially be repositioned so they remain assets when you’re healthy, become a source of enhanced benefits when care is needed, and preserve value for beneficiaries when appropriate.

Product availability, benefits, underwriting and tax treatment vary by state and individual circumstances.