|
Friday, November 20, 2009
|
|
|
|
|
|
Allianz to stop selling its stand-alone LTC product
Allianz Life Insurance Company of North America is pulling its stand-alone long-term-care insurance product off the shelves, effective Nov. 13.
On that date, the carrier will no longer accept applications and will stop selling the product, according to an announcement Allianz made internally and to its distribution partners. LTC sales have been falling across the industry, even though baby boomers are starting to represent a larger portion of the population. These broad declines prompted Allianz to drop its stand-alone LTC product, but the company plans to continue selling its life insurance product with a long-term-care rider, according to spokeswoman Emily Porter. The stand-alone product made up only a small percentage of the company’s total business, she said. The company will continue to honor its current LTC policies.
Recommend this article?
User Comments
Reproductions and distribution of the above news story are strictly prohibited. To order reprints and/or request permission to use the article in full or partial format please contact our Reprint Sales Manager at (732) 723-0569.
|
 |
|
|
Inside InvestmentNews.com Featured Conference Attend this FREE conference from your own desk, and listen to more than a dozen experts and executives from some of the top ETF providers and research firms lead a mix of discussions on the most critical ETF issues.
Featured Links Dec. 8, 4-5 pm. Ask questions about the outlook for equity and fixed income markets, and what advisers should be doing now for their clients.
Post your job requirements in the InvestmentNews Career Connection and find the best talent for your advisory firm.
Latest News
Most Popular
|
|
|
|
|
|
Fund Data Provided by
|
Markets Data Provided by
|
 |
 |