“This is an example of the bullish trend of our business,” Truesdell says. “We are constantly building our policy options and the way we deliver and support them.” <\/p>\n
New announcements are likely from LTCFP over the next few months. “Long-term care protection will be available through us, at very affordable rates, in a number of innovative ways, such as LTC riders to life insurance policies,” Truesdell says. “Stay tuned.”<\/p>\n
These moves are in contrast to UNUM Group’s announcement on February 6 that it would discontinue group long-term care insurance sales to new group customers; and the March 7 announcement of Prudential Group Insurance, a business of Prudential Financial, Inc., that it would discontinue the sale of individual long-term care products and focus solely on group long-term care insurance. <\/p>\n
“We see such changes as part of a trend,” says Truesdell. “In a time of economic transition, it’s logical for carriers to gravitate toward their strength. For Prudential that appears to be the group market. Other carriers have gone in the opposite direction.”<\/p>\n
LTCFP sees its strength as a bridge between those who need LTC insurance and multiple companies that supply it, each strong in its own way. <\/p>\n
In the employee benefit field, LTCFP specializes in a group offering called multi-life, available from several of its carriers. “These policies offer discounted pricing and simplified underwriting, just like traditional group policies, yet they can be tailored individually, and you can set up a plan with as few as three employees participating.” Business owners and managers may request more information at http:\/\/www.ltcfp.com\/ltcfp\/businessowners.aspx<\/a> .<\/p>\n Information and quotes on individual policies may be requested at http:\/\/www.ltcfp.com<\/a> .<\/p>\n LTCFP is a co-founder and sponsor of the “3 in 4 Need More” campaign, which seeks to alert Americans to the long-term healthcare crisis, and to multiply the number protected by long-term care planning.<\/p>\n News issued by: LTC Financial Partners LLC<\/p>\n![\"LTC](\"https:\/\/www.send2press.com\/wire\/images\/12-0216-truesdell_72dpi.jpg\")
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