Long Term Preferred Care, Nashville, Tenn., and Great American Life Insurance Co., Cincinnati, have formed a strategic partnership to offer a new long-term-care insurance product and to collaborate on the creation of others.
LTC Advantage has an immediate home-care benefit, which provides a lump sum for insureds to use for expenses at their discretion, and an accelerated elimination period, which allows the benefits to accumulate at a faster rate than they would under a traditional product.
Long Term Preferred Care is an independent marketer of long-term-care insurance. Its policies cover about 40,000 people. It is a subsidiary of FISI-Madison Financial, …
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