An insurer that uses life insurance to help clients save for long term care costs hopes to increase sales through financial institutions.
State Life Insurance Company, a unit of OneAmerica Financial Partners Inc., Indianapolis, is assigning external wholesalers territories, to accommodate producers who focus on the bank distribution channel.
State Life sells a product that combines life insurance with LTC benefits, a product that combines a deferred annuity with LTC benefits, and an immediate annuity designed for individuals who are already receiving long term care.
