By Karen Roney AMA Insurance Agency, Inc., has announced a new contract with Hartford Life Insurance Company, a subsidiary of Hartford Life, Inc., to offer long-term care insurance to eligible physicians and their families. Hartford Life, Inc., is the nation s third largest life insurance group based on statutory assets.
Applicants can choose a total coverage amount with a four-year or lifetime benefit period.
It is possible to extend the four-year benefit period if the total coverage amount selected at the time of application is not already spent. Another benefit feature is the Care Advisor, available to help insureds plan for their long-term care needs. Hartford Life defines a Care Advisor as a nurse, licensed health care practitioner or social worker trained in long-term care in the insured s area, who is familiar with local resources and providers. Hartford Life has developed a comprehensive plan with flexible options and competitive, affordable rates to help meet physicians needs, said Headley. This plan is also intended to be a qualified long-term care insurance plan for tax purposes.