Securian CareShield

CareShield Universal LifeInsurance products issued by Minnesota Life Insurance Company


Insurance products issued by Minnesota Life Insurance Company

Your Life, Your Health, Your MoneySecuring, protecting and preserving what’s yours


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Life’s long journey

Financial risks:• Longevity – outliving your money• Health care costs – stripping away the income and

assets you will rely upon

Source: Arias E. United States Life Tables 2011; Volume 64 no 11, Hyattsville, MD: National Center for Health Statistics. 2015.


Retirement income and legacy planning blind spots

• Chronic illness• Terminal illness• Untimely death


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Challenges with a simple and guaranteed solution

Admit it can happen!• Your health will change over your lifetime• Likelihood of needing care for a chronic illness is increasing1

• Chronic and terminal illness expenses can impact monthly income and lifestyle

• You won’t live forever

1 Drabek J, et al. Measuring the Need for Long-Term Services and Supports. ASPE Research Brief. Department of Health and Human Services. July 2015.


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Challenges with a simple and guaranteed solution

Be prepared! Plan ahead.

CareShieldTM – a simple strategy addressing life, chronic and terminal illness insurance• Pays if you need care. • Pays if you don’t need care.• Returns premiums paid if you no longer want or need the coverage.1

Receipt of benefits is subject to the insured meeting all eligibility requirements.

1Only available at given premium refund anniversaries extending 60 days beyond each premium refund anniversary. The premium refund may not equal the sum of premiumspaid. Currently, the premium refund cannot exceed 85% of the policy face amount. Insurance coverage terminates if the premium refund is exercised.


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The need for chronic illness coverage

1Centers for Disease Control and Prevention. Healthy Aging at a Glance 2011. http://stacks.cdc.gov/view/cdc/220222 Longtermcare.gov. U.S. Dept of Health & Human Services, n.d. web 19 Feb 2015/

7 in 10 Age 65+ WILL need help someday2

Chronic illness

80% of older adults (65+) have at least one chronic condition1

http://stacks.cdc.gov/view/cdc/22022




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Activities of Daily Living (ADL’s)BathingDressingEatingContinenceToiletingTransferringSevere cognitive impairment (due to dementia or Alzheimer's)

Types of assistance


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1Centers for Disease Control and Prevention. Healthy Aging at a Glance 2011. http://stacks.cdc.gov/view/cdc/22022

Chronic conditions can:

• Limit a person’s ability to perform Activities of Daily Living

• Cause them to lose their independence

• Result in the need for care1



Do you know anyone who has needed care?

• Family• Relative• Friend• Someone famous

What were the circumstances, consequences and costs?How is your health?


Short termAcute careRecoveryDoctorsMedicationsHospitals

Chronic conditionsGenerally longer termDementiaProgressive disabilitiesHome careAssisted livingSkilled facilities

Short term vs. Chronic care

Typically covered by traditional health insurance or Medicare

Typically NOT covered by traditional health insurance or Medicare


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Chronic carePlaces, preferences and costs

Home$3,640/month1,2

(home health aide)

Assisted living $3,293/month2

Nursing home$6,500/month2

(semi-private room)1 Based on average $21/hr, 8 hrs/day, 5 days per week. Costs may vary depending on care and hours provided.2 www.longtermcare.gov/LTC/Main_Site/Paying/Costs/Index.aspx. as of 20103 Freedman VA, et al. Disability and Care Needs among Older Americans. The Milbank Quarterly. Vol.92, No.3, August 26, 2014, p.517

Where will chronic care be needed3?

HomeAssisted liv-ingNursing home75%

10%

15%


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CareShield can help pay for chronic illness

Choose how much protection (face amount) you need

• Face amount = total of all benefits available under the policy.*• Chronic illness benefits:

• Paid monthly • 4% of the face amount for 25 months

Example: $4,000 Monthly benefit (4% of face amount)X 25 Months$100,000 Total benefits

*Face amounts up to $500,000 are available


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Chronic illness benefits paid regardless of whether you require care • No evidence of expenses needed• Use benefits for any purpose, including but not limited to:

– Care provided by family member and in a variety of settings– Home modifications and maintenance– Food, prescriptions and transportation

• Condition does not have to be permanent1

1Confinement due to medical condition is required to be permanent in Connecticut.


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Medicare1

• Eligible at age 65• Approved charges in approved

facilities• After a recent hospital stay of at

least 3-days • Must need skilled care or rehab • Up to 100 days; Medicare

supplement for 20-100 days• Must be homebound for home care,

provided by Medicare-certified agency

Medicaid1

• Medical assistance, intended for low-income and individuals with little assets

• Must divest your asset-spend down poverty level to qualify

• 5-year look-back• Skilled nursing facility usually; no

private room• Limited choice regarding location and

quality of care

Government program limitations

1 Medicare.gov 2016


CareShield pays even if you don't use chronic illness benefitsLump-sum payment to your beneficiaries• Tax-free death benefit • Equal to your face amount, less any benefits paid for chronic or

terminal illness1

1If owner/insured are different, the death benefit will be paid upon death of the insured. If owner/insured are different, chronic and terminal illness benefits will be paid upon the insured’s meeting eligibility requirements.


CareShield pays even if you don't use chronic illness benefitsProtect your family’s financial future• Replace lost wages/income• Pay off mortgage and debts• Fund higher education• Cover emergency needs• Leave a legacy• Protect a small business• Pay for estate costs/taxes• Provide cash flow and liquidity• Equalize an inheritance• Contribute to a nonprofit


CareShield pays if you become terminally illLump-sum payment• Upon certification by a licensed

physician as having a terminal condition

• Maximum payment equal to your death benefit, less $10,000*

• Remaining $10,000 death benefit is paid upon death.

Use it for ANYTHING:• Uncovered medical bills• Household expenses• Income replacement• Family travel or vacations • Final wishes “bucket list”

*Any benefits previously paid for Chronic Illness will be deducted


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• Chronic illness – Monthly benefit for 25 Months• Terminal illness – Lump-sum benefit • Death – Lump-sum benefit upon death

Three ways to receive your face amount*

*Face Amounts up to $500,000 are available

Total benefits for chronic illness, terminal illness and death are equal to the face amount


Choose your premium frequency:• Annually• Semi-annually• Quarterly• Monthly

Design a policy that fits your budget, knowing that your rates cannot increase over your lifetime.

Premium rates guaranteed1 for life

1While the policy remains in force. Insurance policy guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company as well as to the continued payment of premium to keep the policy in force.


Return of premium options

You can discontinue coverage and have premium payments returned for any reason.

*Premium refund request must be made within 60 days after your 15th, 20th or 25th anniversary dates.

*Only available at given premium refund anniversaries extending 60 days beyond each premium refund anniversary. The premium refund may not equal the sum of premiums paid. Currently, the premium refund cannot exceed 85% of the policy face amount. Insurance coverage terminates if the premium refund is exercised.

Policy anniversary* Percentage returned

15th 50%20th 75%25th 100%


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Your current strategy?


• Chronic illness benefits– 4% of face amount per

month*• Death benefit

– Tax-free lump-sum benefit equal to the face amount

• Terminal illness benefit– Lump-sum benefit paid upon

certification by a licensed physician as having a terminal condition

• Return of Premium Option– 50% after 15 years – 75% after 20 years– 100% after 25 Years

• Guaranteed premium rates

Prepare for your future with CareShieldSimple, guaranteed benefits

*or less to extend the benefit payments


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Is CareShield right for you?

Next steps• Design the right policy for your needs• Make sure it fits your budget• Review health eligibility guidelines• Discuss process and timelines – what to expect from start

to finish


• 135-year tradition of standing by our policyholders• More than $1 trillion of insurance in force

About SecurianCareShield Universal Life policies issued by Minnesota Life Insurance Company, a Securian Financial Group affiliate

Securian Financial Group, Inc. is the parent corporation of Minnesota Life Insurance Company and Securian Life Insurance Company, a New York authorized insurer. Certain financial highlights are presented at the parent level only. Assets under management includes an acquired majority interest in Asset Allocation & Management Company (AAM), a Securian affiliate. Data as of December 31, 2015 unless otherwise noted.

HeadquartersSt. Paul, MinnesotaProductsInsurance, investments, retirement, financial services, asset managementCustomersNearly 16 millionAssets under management

More than $64 billionBenefits paid$4.6 billion total benefits paid in 2015AssociatesMore than 5,000 associates and representatives nationwide


A.M. Best Company rating (second highest of 16 ratings); Fitch rating (third highest of 19 ratings); Moody’s rating (fourth highest of 21 ratings); Standard & Poor’s rating (fifth highest of 23 ratings). For more information about the rating agencies and to see where our ratings rank compared to other ratings, please see our website at securian.com/ratings.

Ratings for financial strength and claims-paying ability are important; however they are not reflective of the performance of any registered securities or variable subaccounts. All ratings information as of June 2016. Securian Financial Group, Inc., is a part of an insurance company holding group. These ratings are assigned to the following Securian Financial Group member companies: Minnesota Life Insurance Company and Securian Life Insurance Company.

An indicator of financial strength

The value of top ratings


Life insurance products contain fees, such as mortality and expense charges (which may increase over time), and may contain restrictions, such as surrender periods.

Based on current federal tax law, there is uncertainty as to whether some or all chronic or terminal illness benefit payments from this policy are taxed when received. We cannot assure you that chronic or terminal illness benefit payments will be treated as tax-free death benefits. Policy loans and withdrawals may create an adverse tax result in the event of lapse or policy surrender, and will reduce both the surrender value and death benefit. Please consult a tax advisor before requesting chronic or terminal illness payments from this policy, or before taking a policy loan or withdrawal.

Please keep in mind that the primary reason to purchase a life insurance product is the death benefit. CareShield is a life insurance policy that provides an option to accelerate the death benefit in the event the insured becomes chronically or terminally ill. Other terms and conditions apply.

The accumulation value, surrender value, loan value, and death benefit will be reduced by a chronic or terminal illness benefit payment under this agreement.

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

Securian Financial Group, Inc.www.securian.com

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. 400 Robert Street North, St. Paul, MN 55101-2098©2016 Securian Financial Group, Inc. All rights reserved.

ICC15-20033, 15-20033 74860DOFU 10-2016

http://www.securian.com/

Securian CareShield

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