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
ThinkAdvisor

Life Health > Life Insurance

Carrier Eases LTC Minimum

X
Your article was successfully shared with the contacts you provided.

John Hancock Life Insurance Company has reduced the participation requirements for small and midsize employer-sponsored long term care insurance plans.

Hancock, Boston, a unit of Manulife Financial Corp., Toronto, has cut the minimum participation level for its Corporate Solutions multi-life LTC insurance program to 7 eligible employees, from a previous minimum of 10 lives..

The Corporate Solutions program is aimed at employers with 3,000 or fewer lives. Hancock provides a 5% discount and simplified underwriting for eligible employees and employer-paid spouses or partners. Some employers are available at may qualify for an additional 15% preferred discount, Hancock says.


NOT FOR REPRINT

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