LTC FIXED ANNUITY INFORMATION

AnnuiCare® is a tax-deferred annuity with tax qualified long-term care insurance benefits. AnnuiCare® allows the policyowner to have triple the annuity value for Qualified Long-Term Care expenses. “Qualified Long-Term Care Expenses” refer to specific expenses, defined by law, which are explained in the Outline of Coverage given to each applicant.

The Annuity

• The policyowner establishes the initial long-term care insurance benefits by depositing or transferring assets into a deferred annuity contract.
• The long-term care insurance benefits are determined by the value of the annuity.
• Premiums for long-term care coverage are paid by automatic monthly withdrawals from the annuity.
• Caution: Penalties apply if the policy owner is less than 59-1/2 years old. Due to these penalties, we will not accept qualified funds for policy owners under the age of 59-1/2.
• AnnuiCare® 5, AnnuiCare® 7, and AnnuiCare® 10 are Flexible Premium Annuities featuring a non-guaranteed interest rate.

The Long-term Care Benefits Riders each match the Accumulation Value of the annuity when benefits begin so that the client may triple the funds available for Qualified Long-term Care expenses.

These riders pay for Benefits to cover Qualified Long-Term Care Services for the following:

• Home Health Care
• Care Planning
• Caregiver Training
• Homemaker Services
• Hospice Services
• Maintenance or Personal Care Services
• Respite Care
• Assisted Living Facility Care
• Alternative Care Services
• Nursing Home Care
• Adult Day Care (50% of Daily Maximum)

• Safety – Your AnnuiCare® value is free from market risks.
• Liquidity – Funds can be accessed easily and quickly with no or low withdrawal penalties.
• Tax Advantaged Growth – Interest grows on a tax-deferred basis, which allows your funds to grow faster than those that are taxed annually.
• Death Benefit – Benefit(s) is paid directly to your named beneficiaries, by-passing probate.
• Long-term Care Benefits – These benefits cover home health care, nursing home care, and adult day care. Benefits increase as your annuity value increases.