A company that is swimming against the stand-alone long-term care insurance (LTCI) negativity tide has expanded the potential service area for its group LTCI product.
National Guardian Life Insurance Company (NGL) says it has now received approvals for employer group rates for its EssentialLTC product from 38 additional states.
The approvals mean the Madison, Wisconsin-based company can now offer the product with unisex group rates in a total of 39 states.
The company already had received approval for unisex group rates from regulators in New Jersey.
In the 38 states that have just granted group rate approvals, NGL can offer the group rates to businesses with at least five employees starting Nov. 30.
The 38 states that have granted the new group rate approvals are Alabama, Alaska, Arkansas, Colorado, Georgia, Idaho, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming.