Notes:

Neither State Life nor their representatives provide tax or legal advice. For answers to specific questions and before making any decisions, please consult a qualified attorney or tax advisor.

May not be available in all states.

A fixed annuity contract and a fixed life insurance policy are both long-term products. Annuities are tax-deferred insurance contracts designed for retirement. They can allow you to create a fixed stream of income through a process called annuitization and also provides a fixed rate of return based on the terms of the contract. Fixed life insurance is not an investment, retirement account or savings account and should only be purchased by individuals that have a need to provide a death benefit to protect others with insurable interests in their lives against financial loss. Life insurance requires medical underwriting and the cash values of a policy are not considered liquid and cash value policy loans are taxable if the policy is surrendered or terminates before the insured's death and the cash value exceeds the policy's cost basis.

Fixed annuities and insurance policies both have limitations. If you own an annuity and decide to take your money out early, or you own a life insurance policy that lapses with loans outstanding, you may face fees called surrender charges and the loan amount becomes subject immediately to federal income tax. Additionally, if you're not yet 59½, you may also have to pay an additional 10% tax penalty on top of ordinary income taxes. An annuity contract and a life insurance policy’s tax treatment ultimately depend on a variety of factors. You should also know that both fixed annuities and life insurance contain guarantees and protections that are subject to the issuing insurance company’s ability to pay for them.

Policies, contracts and long-term care insurance riders are underwritten by The State Life Insurance Company,Indianapolis, Indiana.  This is a solicitation of long term care insurance.  Details about the cost, benefits, limitations and exclusions of these policies and long term care insurance riders will be provided to you by a licensed insurance agent/producer.  When you respond, an insurance agent/producer will contact you. These products require medical underwriting.

To be eligible for benefits the insured must be a chronically ill individual, with qualified long-term care services provided pursuant to a plan of care prescribed by a licensed health care practitioner.

Funding long-term care costs with annuities or life insurance may not be a suitable strategy for everyone.  For example, your assets may not be sufficient to cover all of the costs associated with long-term care.  In addition, long-term care insurance may provide certain protections that asset based long-term care does not.  You should consult with an independent financial planner to determine if this product is right for you.

ICC14 PROD-2d.3-IND

PROD-2d.3-IND