Close Close
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
ThinkAdvisor

Life Health > Life Insurance > Term Insurance

Golden State Gets Group LTC Partnership Product

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

MetLife Inc. is trying to take the California long term care insurance benefits market to a new level.[@@]

MetLife, New York, says it has started offering LTC insurance benefits programs in California that qualify for certification from the California Partnership for Long Term Care.

Consumers who buy LTC policies certified by a state partnership and end up using up private LTC benefits can protect more assets than other consumers before qualifying for Medicaid nursing home benefits.

Employers can offer the MetLife/CPLTC program on either an employer-paid or a voluntary basis, MetLife says.

MetLife notes that 7.2% of adult California residents now have LTC coverage.


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.