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    • Latest NY Life Product a Nod to Growing Combo Life-LTCi Market

    September 20, 2017 by Cyril Tuohy

    Seeking to capitalize on rising demand for combination life insurance/long-term care products, New York Life is introducing a universal life policy giving owners access to nearly five times the premium for LTC expenses.

    A 60-year-old buyer paying a single premium of $100,000 for an Asset Flex policy has access to as much as $461,695 for covered LTC services and/or $153,899 in life insurance protection, NY Life said.

    Life insurance-LTC combo products pay for LTC expenses by accelerating the payment of the death benefit.

    Click HERE to read the full story via INN; subscription required. 

    Originally Posted at InsuranceNewsNet on September 13, 2017 by Cyril Tuohy.

    Categories: Industry Articles
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