A long term care insurance marketing firm has introduced a product with lifetime benefit and return-of-premium features.

Republic Marketing Group Inc., New Braunfels, Texas, says its Security Advantage product includes a Maximum Lifetime Benefit Acceleration Rider, which protects clients who may have early claims. With the rider, policyholders who purchase a policy with a less-than-lifetime benefit period and who file a claim early can immediately get the inflation-adjusted amount the policy would be worth at age 85.

The return-of-premium rider allows policyholders to either surrender the policy before age 75 and be reimbursed for their premiums paid, less any benefits collected; or, beginning at age 75, have all past premiums paid and all future premiums added to their policy’s benefits.

The policy is underwritten by Loyal American Life Insurance Company, a unit of Great American Financial Resources Inc., Cincinnati.