The Long Term Care insurance market has a new player. While other carriers are leaving, Assurity Life Insurance Co. has decided to become a presence with its AssurityBalance Long-Term Care Insurance policy for individuals. The policy has two base options: a facility care-only option and a comprehensive option that covers facility care, home care and community-based care. Both options allow for joint coverage with up to an 80 percent premium discount. A simple or compound inflation rider also is available.

Daily benefits range from $40 to $300, and four rate classes are available for issue ages 40 to 84. These and other no-cost features are included:

  • Waiver of premium. This kicks in when the insured is confined for 90 days.
  • Guaranteed renewability for as long as premiums are paid.
  • Facility bed reservation benefit (up to 30 days per calendar year).
  • Flexible premium payment options. Includes 10- and 20-year and lifetime.

For more information, visit www.assurity.com or call (800) 276-7619, ext. 3774.