Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Bankers Life Spreads LTC Partnership Products

Your article was successfully shared with the contacts you provided.

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.

Federally approved partnership plans now are available in 16 states.

Officials at the Centers for Medicare and Medicaid Services have approved 4 others and are considering applications from another 6.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.