CareShield Universal Life Insurance Covers Chronic and Terminal Illness

CareShield Universal Life
Insurance products issued by Minnesota Life Insurance Company

Your Life, Your Health, Your Money
Securing, protecting and preserving what’s yours

3
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

5
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.

6
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 premiums
paid. Currently, the premium refund cannot exceed 85% of the policy face amount. Insurance coverage terminates if the premium refund is exercised.

7
The need for chronic illness coverage
1Centers for Disease Control and Prevention. Healthy Aging at a Glance 2011. http://stacks.cdc.gov/view/cdc/22022
2 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

8
Activities of Daily Living (ADL’s)
• Bathing
• Dressing
• Eating
• Continence
• Toileting
• Transferring
• Severe cognitive impairment (due to dementia or Alzheimer's)
Types of assistance

9
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 term
Acute care
Recovery
Doctors
Medications
Hospitals
Chronic conditions
Generally longer term
Dementia
Progressive disabilities
Home care
Assisted living
Skilled facilities
Short term vs. Chronic care
Typically covered by
traditional health
insurance or Medicare
Typically NOT covered by
traditional health
insurance or Medicare

12
Chronic care
Places, 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 2010
3 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?
Home
Assisted
living
Nursing
home
75%
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.

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
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Government program limitations
1 Medicare.gov 2016

CareShield pays even if you don't use
chronic illness benefits
Lump-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 benefits
Protect 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 ill
Lump-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

• Chronic illness – Monthly benefit for 25 Months
• Terminal illness – Lump-sum benefit
• Death – Lump-sum benefit upon death
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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 CareShield
Simple, 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 Securian
CareShield 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.
Headquarters
St. Paul, Minnesota
Products
Insurance, investments, retirement,
financial services, asset management
Customers
Nearly 16 million
Assets under management
More than $64 billion
Benefits paid
$4.6 billion total benefits paid in 2015
Associates
More 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
74860
DOFU 10-2016

CareShield Universal Life Insurance Covers Chronic and Terminal Illness

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