Transamerica says it will be putting LTGC in charge of administering its long-term care insurance (LTCI) business and managing the claims.
LTCG plans to begin serving as the third party administrator for the Transamerica LTCI business by Sept. 30.
The Eden Prairie, Minnesota-based company will help Transamerica handle new LTCI business as well as policyholder service and claim processing.
The LTCG deal will not affect Transamerica’s other in-house or outsourced administrative arrangements, Transamerica announced Thursday.
LTCG already handles LTCI administration for about 100 other insurers.