Intro
SecureCare III is often in the shadow of Nationwide's CareMatters policies, but it doesn’t need flashy TV ads to stand out. Backed by Securian Financial, one of the highest-rated insurance companies on the planet, it offers:
SecureCare III is like Dana Scully from The X-Files—under the radar, providing immense value without fanfare. In the lab, Scully is the one squinting through a microscope, uncovering an alien virus and exposing a government conspiracy to hide the truth of an alien colonization. She doesn’t need Mulder’s theatrics; she lets her work speak for itself, often solving cases while he captures the spotlight.
If you didn't watch The X-Files, here's a 30-second clip where Scully demonstrates her gun-grabbing ninja skills.
As you consider your options, let “LTC” guide you: Learn about the choices available, Talk openly with family, and Create a plan that supports your shared future. SecureCare III might be the linchpin of your plan, bringing underrated value that outshines its more attention-grabbing peers.
Post jargon
benefit: the amount LTCi pays for covered care expenses
benefit period: the maximum time LTCi pays for care after criteria are met
benefit pool: total amount available in LTCi for care expenses
cash indemnity: pays the full benefit, regardless of the actual care costs
death benefit: a payout to a beneficiary from a hybrid policy after the insured passes away
elimination period: the waiting period after criteria are met before benefits start
exclusion: an insurance rule that denies benefits for specific risks
inflation protection: LTCi benefit that adjusts for rising costs
nonforfeiture option: LTCi feature allowing reduced benefits or partial premium return if policy lapses or cancels
premium: the payment to maintain insurance
rider: an insurance add-on
surrender options: LTCi cancellation options with partial premium refund or reduced benefits
underwriting: insurer’s review process to decide coverage and cost
➡️ Explore all the LTC jargon
What's special about it?
Many policies include special features in an effort to stand out in a competitive market. SecureCare III is one of the few policies that offer cash indemnity benefits, often providing the highest level of cash available to pay for care.
Top benefit pools
At the end of the day, long-term care insurance is all about getting cash to pay for home care, assisted living, or whatever support you need. SecureCare III often gives you the highest cash benefit pools, offering more value than other hybrid policies for the same price.
Cash indemnity
The cash indemnity benefit (a major perk) gives you the most flexibility and payouts with the least hassles and exclusions so you can receive care in your home or at a senior community.
Good tax savings
In many cases, you can deduct the LTCi portion of your premium, but not the life insurance portion. SecureCare III separates these premiums, allowing you to take this deduction.
1035 exchanges
SecureCare III allows for 1035 exchanges. If you own a non-qualified, tax-deferred annuity or life insurance policy, you can transfer those funds directly—tax-free—to purchase this LTCi policy. This can convert an otherwise taxable investment into a policy that provides tax-free LTCi benefits when you need them.
The details
If this policy sounds intriguing, let’s dive deeper. We’ll rate the benefits, premium, underwriting, and company from one to three stars (three being the best) compared to other LTCi policies.
Benefits
Premiums are the payments made to maintain insurance. SecureCare III often provides the highest, most flexible benefits of any hybrid policy.
Premium
Premiums are what you pay for insurance. This policy offers fairly standard premium payment options.
Underwriting
Underwriting is the insurer’s process to decide coverage and cost. Securian SecureCare III is pretty typical for most LTCi.
Company
The SecureCare III policy is issued by Minnesota Life Insurance Company (Securian Life in New York). Both are subsidiaries of Securian Financial Group, Inc. All of these companies have almost identical, super-strong ratings.
Comparisons
How does SecureCare III compare to other LTCi policies? Focus on what matters most to make the right policy choice for you.
Benefit pools
Compare the benefit pools offered by different individual hybrid policies for the same premium.
Next steps
If this policy sounds like a good fit, request quotes and mention "SecureCare III" in your notes.
Wrap up
Just like Dana Scully’s steady, underappreciated work in The X-Files, SecureCare III is an unsung hero in the world of hybrid long-term care policies.
This policy could be an ideal fit if you’re looking for:
- Cash indemnity benefits that give you control over how you use your LTC funds
- One of the highest pools of LTC benefits among hybrid policies
- Tax advantages tailored for small business owners
- Rock-solid financial backing from a highly rated company
With its unique flexibility and substantial benefits, SecureCare III may just be the linchpin of your long-term care plan.
