SecureCare Universal Life

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SecureCare — A flexible, long-term care solution

Now with multi-pay

SecureCare Universal Life (SecureCare), a permanent life insurance policy with cash indemnity long-term care benefits issued by MINNESOTA LIFE INSURANCE COMPANY, can protect your clients’ income and assets from costly health care expenses. 

SecureCare gives your clients the benefits they want, with the guarantees and flexibility they deserve, including: 

  • Cash indemnity benefits — Your clients can spend their benefits however they choose, including for informal care.
  • Multiple premium options — Clients can select between single pay, or 5-, 7-, 10- or 15-year payment options.
  • Reduced paid-up benefit1 — If clients are unable to make their scheduled premium payments, they’ll receive a reduced paid-up benefit for the rest of their life.
  • Four inflation protection options — Adding the optional Long-Term Care Inflation Protection Agreement can help protect clients from rising health care costs.
  • Streamlined underwriting — No medical exams or lab tests required and the average turnaround time is six days, once all application requirements are received.

Policyholders can also receive long-term care benefits on Day 12 of the policy for Caregiver Training and Home Modifications. And they can access some benefits outside the United States – the most robust offered in the industry as of April 2018.

Popular SecureCare materials

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About the product
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A focus on caregiving

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About the product
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The world of caregiving

Caregiving can be an enriching experience for your clients, but it’s important to find the right balance and the right resources. Especially when caregiving can practically be a part-time job. Did you know 41% of caregivers have taken days off work and 22% have worked fewer hours?3

According to a recent Securian survey,3 60% of caregivers spent 10-plus hours a week caring for a loved one; while 29% spend more even more — 20 hours per week. 

That’s why your clients should be planning for their future care now. Share the benefits of SecureCare with them today.

Contact us

Offer a long-term care insurance alternative within reach for more clients. Contact our SecureCare sales team today:

1-877-696-6654 or email the sales team (Securian and Broker-Dealer)  

1-888-900-1962 or email the sales team (Independent Brokerage) 

1. Reduced paid-up benefit refers to the reduced paid-up nonforfeiture benefit that purchases paid-up insurance in the event of premium lapse.

2. Upon the insured meeting eligibilty requirements

3. Securian 2018 online caregiver survey conducted online by KRC Research among 816 caregivers ages 18+, February 2018.

Insurance policy guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company.

Please keep in mind that the primary reason to purchase a life insurance product is the death benefit.

Life insurance products contain fees, such as mortality and expense charges, and may contain restrictions, such as surrender periods.

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 state and may not be available in combination with other agreements.

The optional Long-Term Care Inflation Protection Agreement is available with 3% simple interest, 3% compound interest, 5% simple interest or 5% compound interest. 

SecureCare may not be available in all states. Product features, including limitations and exclusions, may vary by state.

SecureCare Universal Life Insurance includes the Acceleration for Long-Term Care Agreement. The Acceleration for Long-Term Care Agreement is a tax qualified long-term care agreement that covers care such as nursing care, home and community based care, and informal care as defined in this agreement. This agreement provides for the payment of a monthly benefit for qualified long-term care services. This agreement is 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 this agreement may be taxable.

The death proceeds will be reduced by a long-term care or terminal illness benefit payment. Please consult a tax advisor regarding long-term care benefit payments, terminal illness benefit payments, or when taking a loan or withdrawal from a life insurance contract.

SecureCare may not cover all of the costs associated with long-term care or terminal illness the insured incurs. This product is generally not subject to health insurance requirements. This product is not a state-approved Partnership for Long Term Care Program product, and is not a Medicare Supplement policy. Receipt of a long-term care or terminal illness benefit payment under this product may adversely affect eligibility for Medicaid or other government benefits or entitlements.

INSURANCE PRODUCTS ISSUED BY MINNESOTA LIFE INSURANCE COMPANY or 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 Saint 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.

For financial professional use only. Not for use with the public. This material may not be reproduced in any way where it would be accessible to the general public.

ICC17-20103, 17-20103 and any state variations

ICC17-20111, 17-20111 and any state variations

ICC17-20112, 17-20112 and any state variations

ICC17-20113, 17-20113 and any state variations 

DOFU 11-2018