Gilico AnnuiCare Question

[LostDollar]

Is the Long Term Care Insurance in the Gilico AnnuiCare product state partnership qualified?

 

[Mr_Ed]

no

 

[LostDollar]

Thanks

 

[ltcadviser]

Only stand-alone policies presently provide State Partnership benefits.

 

[kpbdy99]

Only stand-alone policies presently provide State Partnership benefits.

And then, they need to filed AS Partnership products, and meet the inflation protection guidelines.

 

[ltcadviser]

And then, they need to filed AS Partnership products, and meet the inflation protection guidelines.

And then the applicant needs to apply for coverage that satisfies the State Partnership requirements.

And then the underwriter needs to health approve the applicant for coverage.

And then the policyowner needs to pay the premium to put the coverage in-force.

And then, upon a future rate increase, if approved, the policyowner needs to be sure to not drop the inflation protection that provided the Partnership benefits.

And then…..Kerry’s turn to reply. Lol.