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October 18, 2007 at 10:51 AM
A unit of MetLife Inc. is offering a new long term care insurance product specifically aimed at younger baby boomers.
A key feature of the product will permit customers to buy additional coverage up to twice initial benefit amounts until age 65 without having to provide further proof of insurability.
Called MetLife LTC LifeStage Advantage, the policy lets individuals match their LTC insurance coverage to their life stage, says MetLife, New York.
Clients can apply for the policy by answering 3 questions and filling out a short application, MetLife says. The coverage is available to individuals and in the workplace to executives and employees in groups of 3 or more participants.
