We’re thrilled to share big news from NGL Long Term Care! We’ve filed an innovative new LTC product packed with enhanced features and benefits designed to better serve your clients. Pending regulatory approval, this will elevate the way we protect your clients’ futures.
See below for a preview of the product, click here to learn about the exchange program for the new product.
New Product Preview
Pending states’ regulatory approval, our new long term care offering includes the following:
What’s Staying Great….
- Joint product for couples
- Third shared pool option for couples (Shared Benefit Amount Rider)
- 2, 3, 4, 5 or 6-year benefit periods
- 10-Pay option (includes rate guarantee)
- 90- and 180-day elimination periods
Exciting New Additions….
- Monthly benefits of $1,500 to $12,000 ($300 increments)
- Calendar day Elimination Period
- Compound inflation riders of 1, 2, 3, 4, and 5%
- Alternate plan of care
- Premium based on current age rather than age-nearest-birthdate
- 5% partner discount for applicants that are part of a couple, but applying individually
- 10-year rate guarantee for lifetime pay
Exchange Program:
To ensure a smooth product transition that is fair to consumers that want to become insured before the new product is released, NGL will offer a guaranteed exchange to the new product.
Here’s What You Need to Know:
Exchange eligibility starts with applications dated May 1, 2025, or later in the Compact States, which are:
AL, AK, AZ, AK, CO, CT, DE, DC, GA, HI, IA, ID, IL, IN, KS, KY, LA, MD, ME, MA, MI, MN, MS, MT, NC, ND, NE, NV, NH, NJ, NM, OH, OK, OR, PN, RI, TN, TX, UT, VA, VT, WA, WV, WI and WY.
- Non-Compact States will have exchange opportunities as filing and launch timelines are confirmed
- Exchanges are available for 60 days after the product launches in each state
- No new underwriting required — hassle free!
- New product premiums will be based on the insured’s age at time of exchange
NGL’s Commitment to LTC
NGL is dedicated to leading the LTC insurance market with products that meet your clients’ needs. This new product is a game-changer, and this exchange program demonstrates our commitment to you and your clients.
Ready to learn more or discuss specific cases? Contact us today—we’re here to support you!
Warmest regards,
The NGL LTC Team
ltc@nglic.com
New Long Term Care Product Filed
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