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July 16, 2007 at 11:53 AM
The National Underwriter has joined with a professional designation firm to certify financial advisors to sell Long Term Care Insurance Partnership policies.
NU, a unit of Highline Media Inc., Erlanger, Ky., has allied with the Corporation for Long Term Care Certification Inc., Newton, Mass., to provide training leading to certification to sell the policies.
Under federal legislation passed in 2005, consumers who buy partnership policies can retain a specified amount of assets if they ever need long term care, even after they exhaust their LTC policy, and still qualify for LTC benefits under Medicaid.
