NU Online News Service, April 21, 2004, 11:25 a.m. EDT – GE Financial, Richmond, Va., is setting up a preferred pricing underwriting category for long term care insurance purchasers.[@@]
Starting Monday, the company will offer applicants who are in good health 20% discounts on purchases of its Privileged Choice and Classic Select LTC policies.
The Classic Select policy is a basic, lower-priced policy and the Privileged Choice policy is a more flexible, higher-priced policy. Both policies cover home care and nursing home care.