Bankers Life Spreads LTC Partnership Products

Bankers Life and Casualty Company is expanding sales of its qualified Long Term Care Partnership policies to 8 states.

Bankers Life, Chicago, a subsidiary of Conseco Inc., Carmel, Ind., says it plans to offer the policies in Colorado, Idaho, Kansas, Minnesota, Nebraska, North and South Dakota, and Virginia by mid-year and expects to add more later.

Partnership policies allow consumers to pay for long term care without having to spend down all of their retirement assets to qualify for Medicaid benefits.