Securian's Chronic Illness Coverage Options Now Available in California

FROM SECURIAN FINANCIAL...

New chronic illness coverage options now available in California effective September 9!

Effective September 9, 2024, the Accelerated Death Benefit for Chronic illness Agreement (ADB-CIA) and the Chronic Illness Conversion Agreement (CICA) are now available in California. These agreements can help protect your clients’ lifestyles, finances and loved ones if they become chronically ill.

Accelerated Death Benefit for Chronic Illness Agreement (ADB-CIA)
Offers cash indemnity benefits for clients who need life insurance and chronic illness protection. If a client becomes chronically ill, the ADB-CIA allows them to access some or all of their life insurance policy’s death benefit to use however they want.

• Available on all single-life universal life products

• Issue ages: 20-80 years old

• Chronic Illness Death Benefit amount: 10%-100% of the life insurance base face amount (not to exceed $5 million)

• Maximum monthly ADB-CIA benefit not limited to IRS per diem in California

• Choice of 24 or 48-month benefit

Chronic Illness Conversion Agreement (CICA)
Guarantees your client the right to add the ADB-CIA to a policy that offers that agreement without providing evidence of insurability at the time of conversion.

• Available on Advantage Elite Select Term policies

• Issue ages: 16-60 years old

• CICA amount: $100,000 – $5 million

• Must also have Extended Conversion Agreement in order to add CICA

And don’t forget – SecureCare UL is also available in CA!

SecureCare Universal Life (UL) is now available in California, giving you even more options for long-term care/chronic illness (LTC/CI) coverage.