The National Alliance of Insurance Agencies, Inc. (The Alliance) has announced that it is adding new solutions to its portfolio.
The new solutions are provided by Guaranty Income Life Insurance Company’s (GILICO), an insurance company founded in 1926.
“It’s sobering to think that 9 out of 10 Americans age 60+ have no long term care insurance. I know that many of these people don’t like the ‘use it or lose it’ aspect of traditional long term care insurance. Others have medical conditions that disqualify them – or are too old to buy long term care insurance,” notes Bill Jones, President and CEO of The Alliance. “Through our affiliation with GILICO, we now have more solutions to help people who haven’t yet planned for long term care.”
David Royer, GILICO’s National Sales Director, describes his company’s product, “AnnuiCare® was the first annuity/long term care linked benefit product to be introduced in the United States. It not only can triple the insured’s deposit for long term care funding purposes, it can also pay up to the full daily benefit for home care.”
In addition to AnnuiCare®, the company’s FlexPlus Annuity offers a long term care funding solution to those who are not currently insurable for traditional long term care plan.