CNA LTC Introduces LTC 123: Giving Customers Three Choice Plans Featuring the Most Popular Benefits.Business Editors NASHVILLE, Tenn.--(BUSINESS WIRE)--July 17, 2000 CNA (Certified NetWare Administrator) See Novell certification. LTC LTC abbr. lieutenant colonel , the 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. business unit of the CNA insurance companies (NYSE NYSE See: New York Stock Exchange :CNA), recently introduced LTC 123 - three easy-to-understand plans that combine popular benefits and features to simplify the selling and buying of long-term care insurance. "We want to take the guesswork out of long-term care," said Susan McGory, president and COO of CNA Life/LTC Strategic Business Units. "Public awareness of the need for long-term care has never been greater. At the same time, agents and customers are overwhelmed by all of the options available with long-term care insurance. LTC 123 is a streamlined product that offers three easy-to-understand and easy-to-sell plans." Each of the three plans, LTC1, LTC2 and LTC3, offer great long-term care protection, including a 30-day elimination period Elimination Period The length of time between when an injury or illness begins and receiving benefit payments from an insurer. Also known as the "waiting" or "qualifying" period, policyholders must in the interim pay for these services and can be thought of as a deductible. and 100 percent home and community based care benefit. The three plans vary in the amount of coverage offered, such as daily benefit amounts, inflation protection and in cost. LTC 123 plans are tax qualified and, like all CNA long-term care products, come with a 10-year rate guarantee. "CNA is a pioneer in the long-term care insurance industry," continued McGory. "LTC 123 demonstrates our commitment of putting our knowledge and experience to good use. By combining the set of features our customers most often choose, we've made the decision to purchase much easier for both the customer and agent." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. McGory, in the LTC 123 plans, the basic variables are already set, making the calculation and determination of rates quick and simplified. A rate calculator is provided to agents with the LTC 123 programs. For more information regarding LTC 123, or other CNA long-term care insurance products, visit www.cnaltc.com. CNA was the first company to write personal insurance policies covering nursing home costs back in 1965. Today, CNA LTC offers a full range of comprehensive long-term care insurance, including policies to cover home care, alternative care, hospice care, medical equipment in the home, and emerging technologies for long-term care and treatment. Continental Casualty Company and Valley Forge Valley Forge, on the Schuylkill River, SE Pa., NW of Philadelphia. There, during the American Revolution, the main camp of the Continental Army was established (Dec., 1777–June, 1778) under the command of Gen. George Washington. Life Insurance Company underwrite long-term care insurance. CNA is a leading insurance organization serving individuals and businesses with a broad range of insurance products and insurance-related services. Since 1897, CNA has built on a foundation of financial strength, stability and commitment to customers and business partners. Visit CNA at www.cna.com. CNA is a registered service mark, trade name and domain name of CNA Financial CNA Financial Corporation (NYSE: CNA) is a financial corporation based in Chicago, Illinois, United States, and noted for its 600 foot tall red headquarters building there. Its principal subsidiary, Continental Casualty Company (CCC) was founded in 1897. Corporation (NYSE:CNA). |
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