December 03, 2004 at 07:00 PM
NU Online News Service, Dec. 3, 2004, 5:10 p.m. EST
A Chattanooga, Tenn., insurer has unveiled a new group long term care insurance plan.[@@]
UnumProvident Corp. will start selling the new Group Long Term Care Advantage plan in January 2005.
Employers can choose between a reimbursement benefits option and an indemnity benefits option.
Other features in the new group LTC insurance plan include a $5,000 benefit that can be used immediately, even during the elimination period, and an international benefit payment feature.
UnumProvident is issuing the policy through a Portland, Maine, subsidiary, Unum Life Insurance Company of America.
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