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Coming soon! This product launches in all states except Connecticut, Delaware, Indiana, Montana, New Jersey, North Dakota, South Carolina, South Dakota, California and New York on January 26, 2026.
SecureCare IV
Long-term care (LTC) and nonparticipating whole life
The SecureCare you know, with more reasons to say yes
SecureCare™ IV is a linked-benefit policy that offers a guaranteed death benefit, cash indemnity benefit for LTC, and three return of premium (ROP) options. Sound familiar? It should. This is the SecureCare you know with new benefits designed to expand flexibility and strengthen client conversations.
SecureCare IV offers four crucial new benefits:
- LTC benefits are paid retroactively once the 90-day elimination period is completed;
- We’ve added a 20-pay premium option in addition to our single-, 5-, 7-, 10- and 15-pay options;
- If a client goes on claim while living abroad, they can receive 100% of their full monthly maximum LTC benefit;1 and
- If a client dies before needing care, their death benefit is guaranteed to be at least equal to the premiums they paid in.2
Our state approvals list shows where you can use SecureCare IV with your clients.
Why choose SecureCare IV?
SecureCare IV product details
Policy type
- Nonparticipating whole life insurance policy with cash indemnity long-term care (7702B) benefits. This policy is considered a qualified long-term care contract.
Issue ages & premium payment options
- Payment options (can be made online, direct, EFT/ACH or 1035 exchange). For multi-year policies, all premium modes available with no modal factor. Additional first-year single premium is available.
| Payment | Single-pay | 5-pay | 7-pay | 10-pay | 15-pay | 20-pay |
|---|---|---|---|---|---|---|
| Age | 40-75 | 40-75 | 40-73 | 40-70 | 40-65 | 40-60 |
Minimum and maximum face amounts
- $50,000-$500,000
Death benefit test & option
- CVAT & level
LTC benefit payment type
- Cash indemnity
Underwriting classes
- Simplified Issue, Sex Distinct: Non-tobacco Single, Non-tobacco Couples, Tobacco Single, Tobacco Couples
- Couple’s discount is available through a special underwriting class; only one need apply to receive this benefit. State variations may apply.
Agreements available
- Acceleration for Long-Term Care Agreement — automatically included
- Extension of Long-Term Care Agreement — automatically included
- Long-Term Care Inflation Protection Agreement — optional
- Premium Waiver for LTC Agreement (only available to add to multi-pay policies) — optional
- Premium Deposit Account Agreement (only available to add to in-force multi-pay policies) — optional
LTC benefit period options
- 4-8 years
Return of premium options
- Vesting: Offers 100% premium refund if policy is cancelled, subject to the vesting schedule
- 75%: Offers a 75% return of the premium client has paid if they cancel their policy at any time and increases the LTC benefit above the vesting
- LTC Boost: Provides a return of premium equivalent to policy's guaranteed cash value at the time of surrender and maximizes the LTC benefit
LTC Inflation Protection Agreement
- Increases monthly long-term care benefit at a set percentage annually — even after client goes on claim; options include: 3% or 5%, simple or compound interest
Reduced paid-up benefit
- Should the insured fail to complete the premium payment schedule, the policy will provide a reduced paid-up nonforfeiture benefit based on the total premiums paid. If the policy included the LTC Inflation Protection Agreement, the reduced paid-up benefit would continue to annually increase by the selected inflation option.
Guaranteed minimum death benefit
- 10% of the base face amount or $10,000, whichever is less
Maximum monthly LTC benefit payment
- Equal to the maximum LTC benefit, not subject to IRS per diem limitations. Client may choose an amount less than the maximum benefit at any time extending the duration that benefits would be available.
Elimination period
- Elimination period is 90 calendar days from the date the insured is certified as chronically ill by a licensed health care professional. Home modification (up to $5,000) and caregiver training (up to $1,000) are accessible during the elimination period. These amounts are one-time maximums and will reduce the total LTC benefit pool.
- Benefits for the 90-day elimination period are paid retroactively. A client's first LTC benefit payment will include four monthly payments: three payments for the 90-day elimination period and one payment for month four.
Examples of qualified long-term care services
- Adult daycare
- Assisted living
- Bed reservation
- Caregiver training
- Home health care
- Home modification
- Hospice
- Household services
- Informal care
- Nursing home care
- Respite care
Benefits outside the United States
- Total LTC benefit pool remains unchanged and the policyholder can receive 100% of maximum monthly benefit for all qualified services, including informal care, outside the United States, its territories or possessions. Benefits are paid in United States currency.
Vesting policy’s vesting schedule
| Single-pay or 5-pay | 7-pay | 10-pay | 15-pay | 20-pay | |||||
|---|---|---|---|---|---|---|---|---|---|
| Year(s) 1 | 80% | Years 1-3 | 80% | Years 1-6 | 80% | Years 1-11 | 80% | Years 1-16 | 80% |
| Year 2 | 84% | Year 4 | 84% | Year 7 | 84% | Year 12 | 84% | Year 17 | 84% |
| Year 3 | 88% | Year 5 | 88% | Year 8 | 88% | Year 13 | 88% | Year 18 | 88% |
| Year 4 | 92% | Year 6 | 92% | Year 9 | 92% | Year 14 | 92% | Year 19 | 92% |
| Year 5 | 96% | Year 7 | 96% | Year 10 | 96% | Year 15 | 96% | Year 20 | 96% |
| Year 6+ | 100% | Years 8+ | 100% | Years 11+ | 100% | Year 16+ | 100% | Year 21+ | 100% |
Get a custom proposal
Your SecureCare sales team can provide a custom proposal for your next case:
- 1-888-900-1962 (BGA)
- 1-877-696-6654 (BD)
Looking for SecureCare III?
Visit webpage- If owner/insured are different, benefits will be paid to the owner upon the insured being certified as a chronically ill individual.
- If owner/insured are different, the death benefit will be paid upon death of the insured.
- Under certain circumstances, benefits may be taxable. Clients should consult with a tax advisor.
- These are one-time maximums and reduce the total LTC benefit pool.
- Upon surrender, the policy owner will receive the surrender value proceeds. The surrender value proceeds may not equal the sum of premiums paid. Surrenders are subject to the return of premium option selected and the premium vesting schedule (if applicable). For more information regarding return of premium options, please review the policy.
Please keep in mind that the primary reason to purchase a life insurance product is the death benefit.
Life insurance products contain charges, such as Cost of Insurance Charge, Cash Extra Charge, and Additional Agreements Charge (which we refer to as mortality charges), and Premium Charge, Monthly Policy Charge, Policy Issue Charge, Transaction Charge, and Surrender Charge (which we refer to as expense charges). This policy may contain restrictions, such as surrender periods.
Insurance policy guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company.
SecureCare IV may not be available in all states. Product features, including limitations and exclusions, may vary by state.
SecureCare IV includes the Acceleration for Long-Term Care Agreement and Extension of Long-Term Care Agreement. These two agreements are tax qualified long-term care agreements that cover care such as nursing care, home and community-based care, and informal care as defined in the agreement. These agreements provide for the payment of a monthly benefit for qualified long-term care services. These agreements are intended to provide federally tax qualified long-term care insurance benefits under Section 7702B of the Internal Revenue Code, as amended. However, due to uncertainty in the tax law, benefits paid under these agreements may be taxable. Please ensure that your clients consult a tax advisor regarding long-term care benefit payments, or when taking a loan or withdrawal from a life insurance contract.
Additional agreements may be available. Agreements may be subject to additional costs and restrictions. Agreements may not be available in all states or may exist under a different name in various states and may not be available in combination with other agreements.
The death benefit proceeds, return of premium amount and long-term care benefit amounts depend, in part, on the return of premium option selected on the policy application. For more information regarding return of premium options, please review the policy carefully.
This is a general communication for informational and educational purposes. The materials and the information are not designed, or intended, to be applicable to any person’s individual circumstances. It should not be considered investment advice, nor does it constitute a recommendation that anyone engage in (or refrain from) a particular course of action. Securian Financial Group, and its subsidiaries, have a financial interest in the sale of their products.
INSURANCE PRODUCTS ARE ISSUED BY MINNESOTA LIFE INSURANCE COMPANY in all states except New York. In New York, products are issued by Securian Life Insurance Company, a New York authorized insurer. Minnesota Life is not an authorized New York insurer and does not do insurance business in New York. Both companies are headquartered in St. Paul, MN. Product availability and features may vary by state. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues.
Securian Financial is the marketing name for Securian Financial Group, Inc., and its subsidiaries. Minnesota Life Insurance Company and Securian Life Insurance Company are subsidiaries of Securian Financial Group, Inc.
For financial professional and internal training use only. This material may not be reproduced in any form where it is accessible to the general public.
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