GE Starts Preferred LTC Underwriting Class

In related news, GE Financial says it is trying to make the Classic Select policy more affordable by adding a 365-day elimination period in most states. The move means that consumers can hold down the cost of coverage by agreeing to spend more of their own assets on long term care before GE Financial will start paying out benefits.

GE Financial, an affiliate of General Electric Company, Fairfield, Conn., writes the LTC policies through GE Capital Life Assurance Company of New York in New York and through General Electric Capital Assurance Company in other states.