An insurer has come out with 2 new long term care insurance policies.
Allianz Life Insurance Company of North America, Minneapolis, is introducing the Generation Protector II LTC insurance policy and the Generation Protector Select policy.
The Generation Protector II policy gives the holder the ability to choose between receiving from 10% to 100% of the benefits in the form of cash. A holder also can adapt to inflation by increasing the coverage amount every 5 years without going through a new underwriting policy.