LTC policy has dual-pool effect.
Securian Financial Group has launched LTC LTC
abbr.
lieutenant colonel Guard, a long-term-care
insurance product available through Minnesota Life The Minnesota Life Insurance Company was founded in St. Paul, Minnesota in 1880 as a mutual insurance company. It was originally organized as a mutual because a general distrust of stockholder-owned businesses prevailed at that time and there was a shortage of people willing to buy that offers a benefit
pool for home care and another for assisted-living or nursing-home care.
The home-care pool reimburses for actual expenses, while the other pool
pays a full daily amount regardless of expenses actually incurred.
Premium payments may be for a lifetime, for 10 years or for 20 years.
Joint-life premium discounts are available.
COPYRIGHT 2006 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion