Legacy Financial Services Inc. is marketing a new asset-protection product from Washington National Insurance Company.
Legacy, Petaluma, Calif., is working with Washington National, a subsidiary of Conseco Inc., Carmel, Ind., to sell the Enhanced Care Rider feature.
The feature, available with the Washington National RewardMark series of fixed index annuities, increases the value of the annuity when the purchaser loses the ability to perform 2 “activities of daily living” without assistance.
Owners can use the extra assets to pay for long term care or to handle other expenses, Legacy says.