“Americo Introduces a Single-Premium Immediate LTCI Policy,” by Allison Bell, ThinkAdvisor

“Americo Financial Life and Annuity Insurance Company has introduced an unusual product: a single-premium long-term care insurance (LTCI) policy aimed at people who already need long-term care (LTC) services. . . . To be eligible to have the policy, and to get the benefits, policyholder must be age 65 or older. The policyholder also must already need substantial assistance with at least two “activities of daily living,” or need substantial supervision due to dementia or some other form of cognitive impairment.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Sounds like a supercharged age-rated annuity.

Americo Introduces a Single-Premium Immediate LTCI Policy

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