Nationwide Adds ‘Parents’ LTC Rider To Survivor UL
December 28, 2015 by Linda Koco
Nationwide has debuted a long-term care accelerated benefits rider for survivorship universal life insurance policies that company insiders informally dub the “parents rider.”
The “parents” moniker derives from the fact that the rider is designed for use with a survivorship universal life policy that can cover two insureds who are far apart in age, such as a parent and an adult child, said Eric Henderson, senior vice president-life insurance and annuities.
That is an uncommon design because survivorship life policies typically limit the age span between the two insureds to no more than 15 years, Henderson told InsuranceNewsNet.
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Originally Posted at InsuranceNewsNet on December 26, 2015 by Linda Koco.
Categories: Industry Articles
