Modern Woodmen of America, a fraternal organization, has picked Newman Long Term Care to offer long-term care (LTC) planning services to its 770,000 members.
Newman will provide education, policyholder services and other services for members who want to protect themselves against the possibility that they might need to pay for LTC services, according to Newman LTC.
Newman also will be supporting Moodern Woodmen of America agents who want to help make members of the fraternal aware of their LTC planning needs and planning options.
Modern Woodmen of America was founded in 1883. It does not write LTC insurance itself, but it runs a subsidiary, MWAGIA Inc., that helps members get LTC insurance from other organizations.
In other LTC planning community news:
- The State Life Insurance Company, a OneAmerica company, has adjusted its asset-based long-term care (LTC) annuity product to buffer holders against some of the effects of the current low interest rate environment.
Holders of the State Life Annuity Care II single-premium annuity who need LTC services can start by tapping the annuity contract value. If they deplete the contract value, they can then use a continuation-of-benefits fund.
