Bankers Life and Casualty Company Signs Agreement with Legionnaire Insurance Trust.Business Editors CHICAGO--(BUSINESS WIRE)--Nov. 7, 2003 Bankers Life and Casualty Bankers Life and Casualty is primarily a health insurance company in the United States. It was founded in 1879 and was previously known as White Cross. It was formerly owned by millionaire investor John D. Company has contracted with the Legionnaire Insurance Trust (LIT) to offer long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. (LTCI LTCI Long Term Care Insurance LTCI Line Trunk Controller ISDN ) and Medicare supplement insurance to members of 46 departments (state organizations) of the American Legion American Legion, national association of male and female war veterans, founded (1919) in Paris. Membership is open to veterans of World Wars I and II, the Korean War, and the Vietnam War. . The LIT provides access to over 1.5 million Legion members and their families. Bankers plans a direct mail campaign to promote the programs in all states except New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , South Carolina, Nebraska, Washington and Illinois. Mailings will begin in November 2003. "We're very excited by the opportunity to offer LTCI and Medicare supplements to veterans," said McGarry P. Murray, vice president of affinity marketing at Bankers. "Every senior should carefully consider his or her need for both these products and we are honored to have the trust of the Legion Departments associated with the LIT to offer these insurance plans to their members." Wayne Stevens, senior vice president of client relations at Association Group Insurance Administrators (AGIA), the third party administrator that brought the deal to Bankers, said, "This is a great marriage of organizations. The Legion Departments affiliated with the LIT have long recognized the need to help their members protect themselves from the financial ravages rav·age v. rav·aged, rav·ag·ing, rav·ages v.tr. 1. To bring heavy destruction on; devastate: A tornado ravaged the town. 2. of accident and illness and Bankers is a highly respected leader in that industry." Established in 1879, Chicago-based Bankers Life and Casualty Company is one of the country's leading and most respected insurers focused on the needs of senior Americans. Besides LTCI and Medicare supplement insurance, Bankers offers a broad portfolio of insurance products including life insurance and annuities. |
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