Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Life Insurance

AIMS To Help Manulife Insurance Enter LTC Market

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, March 11, 2005, 4:10 p.m. EST

A Montgomery, Ala., distribution firm has a new source of long term care insurance coverage.[@@]

The distribution firm, American Insurance Marketing Services Inc., has agreed to help sell LTC insurance from Manulife Insurance Company, Boston, through affinity groups.

Manulife Insurance is a new LTC unit of John Hancock Life Insurance Company, Boston, which is now a subsidiary of Manulife Financial Corp. Manulife Insurance is getting ready to introduce an LTC product aimed for associations and affinity groups later this year, Manulife says.

AIMS had been distributing LTC insurance for a unit of AEGON N.V., The Hague, Netherlands. AEGON announced in July 2004 that it will keep the LTC business now on its books but will stop selling new LTC business during the first half of 2005.

Manulife Insurance will work with a sister company, Avon Long Term Care Leaders, to handle handle product development, underwriting and claims management for the new product, Manulife says.

Manulife will put the Manulife Insurance name on the product to set it apart from John Hancock’s other LTC insurance products, the company says.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.