CNA announces 10-year rate guarantee.Nashville, Tennessee-based CNA (Certified NetWare Administrator) See Novell certification. LTC LTC abbr. lieutenant colonel , the long term care unit 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. Corp., has announced that all of its policies will now carry a guarantee of level premiums for 10 full years from the date of issue. CNA claims this is the longest guarantee offered by a long term care underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. . "Our industry has recently come under attack because of rate increases on existing policies," Susan McGory, president and COO of CNA Life/Long Term Care, said in a prepared statement. "We felt it was time to take a stand on this issue." CNA was the first company, back in 1965, to write personal insurance policies covering nursing home costs. Today it covers home care, alternative care, hospice care, medical equipment in the home, and emerging technologies for long term care and treatment. |
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