NU Online News Service, Feb. 16, 2005, 7:15 p.m. EST
A large mutual insurer wants to give holders of long term care insurance policies a chance to share in policy profits.[@@]
The insurer, New York Life Insurance Company, New York, says its board has approved a dividend for the company’s LTCSelect Premier LTC insurance policy.
The dividend will be paid to holders of policies that have been in-force for 3 years in the form of a decrease in their next premium payment, New York Life says.