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Hancock LTC Customers Can Pay With Plastic

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NU Online News Service, Oct. 4, 2004, 7:03 p.m. EDT

John Hancock Financial Services Inc., Boston, has introduced a credit card payment option for long term care insurance premiums.[@@]

New LTC policyholders can use the option to pay monthly or quarterly premium bills using Visa or MasterCard credit cards, Hancock says.

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The credit card payment option is available with the Custom Care II and Essential Care II LTC insurance products.

Hancock, a unit of Manulife Financial Corp., Toronto, says it believes it is the only “top 5″ LTC carrier that lets policyholders pay premiums by credit card.