AMA Chooses Hartford Life For Long-Term-Care Contract.AMA (Automatic Message Accounting) The recording and reporting of telephone calls within a telephone system. It includes the calling and called parties and start and stop times of the call. Insurance Agency inc., Chicago Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. , will offer long-term-care insurance from Hartford Hartford, city (1990 pop. 139,739), state capital, Hartford co., central Conn., on the west bank of the Connecticut River; settled as Newtown 1635–36 on the site of a Dutch trading post (1633; abandoned 1654), inc. 1784. Life Insurance Co. to physicians and their families. The agency is a subsidiary of the American Medical Association American Medical Association (AMA), professional physicians' organization (founded 1847). Its goals are to protect the interests of American physicians, advance public health, and support the growth of medical science. . The insurance agency selected Hartford Life because of its experience in long-term-care coverage and its A+ (Excellent) rating from A.M. Best Co., said Peter Headley, agency president and chief executive officer. Hartford Life Inc., Simsbury, Conn., is the third-largest U.S. life insurance group based on statutory assets. The long-term-care plan provides up to $350 of nursing home daily benefits for either four years or life. Policyholders can extend the four-year benefit period if the total coverage amount selected at the time of application is not already spent. The plan features a "care adviser," a nurse, licensed health-care practitioner or social worker familiar with local resources and providers, to help insureds plan their care. Benefits are not taxable, and premiums may be tax deductible That which may be taken away or subtracted. In taxation, an item that may be subtracted from gross income or adjusted gross income in determining taxable income (e.g., interest expenses, charitable contributions, certain taxes). . |
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