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

Michigan Company Adds LTC Product

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

LifeSecure Insurance says it is rolling out a long term care insurance program that will feature simple policies and a simple, fast underwriting process.

LifeSecure, Brighton, Mich., a unit of Blue Cross and Blue Shield of Michigan, Detroit, says it will start by selling the LifeSecure LTC insurance policies in Michigan and expand into other states by late 2007.

Policy features include benefit amounts ranging from $75,000 to $1 million and monthly benefits ranging from $1,500 to $20,000.

Beneficiaries of policyholders can get up to 75% of the premiums back if policyholders die, according to LifeSecure.

LifeSecure will be selling the policies through financial planners as well as through insurance agents.


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.