LifeSecure Insurance Company has introduced its LTC II with Shareability Option for the individual and multi-life markets.
The new policy is an upgraded version of the original long term care insurance (LTCi) product, and will cater to the requirements of changing LTCi market.
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LifeSecure interim president and CEO Kevin Stutler said, "In enhancing our original LTCi coverage, we’ve designed a simple and flexible next-generation product that will deliver confidence to agents and peace of mind to families of all budgets for years to come."
In addition to the regular coverage and care option, LTC II with Shareability Option features several enhancements, such as a standard International Coverage Benefit; and a Shared Care Benefit rider for couples.
Among other enhancements are improved online tools and two new distinct multi-life LTC plans that provide a more competitive solution for different sized groups.
Currently, the new product is available in 40 states and pending approval in others.
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