Bankers Life and Casualty Company has announced a new deferred fixed annuity with a long term care rider.
Bankers Life, Chicago, says its new LinkedSolution annuity lets consumers save for long term care with a product that builds value until assets are withdrawn.
"The product should appeal to those who are reluctant to pay long term care premiums when they might not need the benefits," says Scott Perry, president of Bankers Life.
The LinkedSolution product requires a one-time minimum premium of $25,000 or more and features guaranteed minimum interest rates, tax-deferred growth and annual free partial withdrawals.
