New York Life Insurance Company has announced its LTCSelect Premier long term care insurance product will pay a dividend to policyholders for the fourth straight year.

The company also said its LTC insurance sales increased 14% in 2007 over the year before–the third straight year the company has seen double-digit increases in LTC sales, compared to a 3% increase in sales industry-wide.

LTCSelect Premier policyholders qualify for the dividend payment when they reach their third policy anniversary.