United of Omaha Life Insurance Company has built long term care support into a retirement savings product.
United of Omaha, a unit of Mutual of Omaha Insurance Company, Omaha, Neb., says its new Living Care Annuity contract is a deferred fixed-rate annuity that automatically comes with LTC benefits.
The purchaser puts in a premium to establish the annuity value.
United of Omaha then will credit the annuity with a guaranteed rate of interest over a period of at least 2 years, the company says.