SecureCare III Available to Illustrate in AZ, CT and IN

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You can now see what SecureCare™ III, a long-term care (LTC) and nonparticipating whole life insurance policy, has to offer you and your clients in AZ, CT and IN.

It has everything you love about its predecessor – a cash indemnity benefit for LTC clients can use however they want — plus more flexibility.

The three new features we think you’ll be most excited about:

  1. Simplified product design
  2. Three return of premium options, including LTC Boost1
  3. Enhanced flexibility to customize the policy for each client’s needs 

Key dates 

  • Monday, June 13, 2022: Illustration software updated to include SecureCare III in AZ, CT and IN.
  • Friday, June 24, 2022: Applications for SecureCare Universal Life in AZ, CT and IN must be signed, in good order and received by Securian Financial’s home office or submitted via eApp by 3 p.m. CST.
  • Saturday, June 25, 2022: SecureCare III will be available in AZ, CT and IN on eApp. Collect all required eSignatures for SecureCare Universal Life and submit your eApp to Securian Financial before 3 p.m. CST June 24 to avoid impact.
  • Monday, June 27, 2022: SecureCare III will be available in AZ, CT and IN. To accommodate SecureCare III’s product changes, we will offer a new application. 

Transition rules 

  • All licensing and LTC certification training must be in good order before the sale of any LTC products. Review LTC licensing and training requirements in each state.
  • Applications for SecureCare Universal Life in AZ, CT and IN must be signed, in good order and received by Securian Financial’s home office or submitted via eApp by 3 p.m. CST June 24. If a new application is needed due to a licensing issue or because the application is not in good order, the client will no longer be able to apply for SecureCare Universal Life and will need to apply for SecureCare III.
  • If a client has already submitted an application for SecureCare Universal Life and started the underwriting process, but wants to switch to SecureCare III, the new application is required. This must be sent to us, along with a cover letter explaining the desired change. Any completed underwriting requirements will be applied to the new application.
  • SecureCare Universal Life policies that have already been issued, paid and in-force cannot be exchanged for SecureCare III, unless the policy is in its free-look period. 

  

1. The death proceeds, return of premium amount and long-term care benefit amount depend, in part, on the return of premium option selected on the policy application. This option cannot be changed after the policy is issued. For more information regarding return of premium options, please review the contract.