org),
"Baby Boomers" and "seniors" will
need to carefully evaluate all their
options and plan for their long-term care needs.
subject glossary
"We are
pleased to partner with GE Insurance Solutions for our
innkeepers program," said Scott Wolf, President
, NAIS, Inc. Visit us at www.primarily marine
"It combines the knowledge
that NAIS has in the innkeeping industry
combined with GE Insurance
Solutions' deep risk expertise to help us both deliver unsurpassed
service
to our customers.
GE Insurance Solutions protects people, property and reputations.subject dictionaries
More information
is
available at www.insurers explanation
NAIS is recognized as
the authority on innkeepers insurance and since 1991
has received the
endorsement of various Innkeeper trade associations.
"We are excited about this
venture with NAIS," said Margaret
Zechlin, Program Segment Business Leader.
In addition, the non
-profit Washington-based Women's Institute for
a Secure Retirement (WISER) reminds consumers that
premiums of a
qualified long-term care plan are deductible from federal taxes if
total medical
expenses, including the premiums, exceed 7.dictionaries relating
With more than $50 billion in combined assets, the GE
Insurance
Solutions group of companies is one of the world's leading providers
of commercial insurance
, reinsurance and risk management services.insweb marine
, (formerly
James Wolf Insurance).dictionaries insurers
Airy, Maryland, is now
led by Scott Wolf.geinsurancesolutions.Bankers Life and Casualty Company: Experts Say Value of Long
-Term Care Insurance More Than Justifies Cost for Most People
5% of
adjusted gross income.explanation relating
com
218), would make
premiums of qualified plans tax deductible for everyone. These products
are distributed through a national network of
professionally trained company agents.insurer terms
terms relating
"
The Innkeepers
Program is active in 48 states and is fully
supported by Jupiter, an innovative web-based policy
administration
system developed by GE Insurance Solutions that provides end-to-end
digital processing
of insurance transactions.
NAIS, Inc. They continue to
demonstrate their commitment to the
innkeeping industry through their
unsurpassed service and competitive premiums, as well as by their
attendance at conferences and various association sponsorships.coverage reinsurance
Since
its inception, this program
has grown to include over 3,900
policyholders.terms relating
com
pictorials acronyms
Recognizing an
opportunity to fulfill
the needs of an under-serviced class of
business, the Agency developed the Innkeepers Program in
1991.
"Premiums vary due to age and the type of policy, but most
middle-income consumers can benefit
from a long-term care policy,"
said Scott Perry, executive vice president and chief operating officer
of Bankers Life and Casualty Company, Chicago.pictorials basic
"The analytics and expertise the team brings to
our
program is outstanding and helps us in providing the highest
levels of service to our customers.
reinsurance insurer
Business Editors
CHICAGO----While many consumers say
cost is a deterrent to buying
long-term care insurance, growing
numbers of professionals suggest that the cost of premiums are
an
affordable alternative to the increasing cost of long-term care.coverage indexed
"Like other types of insurance
, the younger and healthier you are
when you buy, the less expensive the premiums," he said.nga.opinionated indexed
Helping
Innkeepers Sleep Soundly; GE Insurance Solutions Introduces Bed + Breakfast Coverage
Business
Editors
KANSAS CITY, Mo. "These
premiums are still a bargain when faced with the costs of
long-term
care.acronyms coverage
----GE Insurance
Solutions recently announced the launch of an Innkeepers Program
with
its newest program partner, NAIS, Inc.
Combining deep practical risk expertise with GE's
business acumen, our
dedicated professionals in 28 offices around the globe help customers
understand
and manage risk more effectively.relating subject
"
According to the American Council of Life Insurers (ACLI), a
60
-year old buying a policy with a two-year benefit period today would
pay in premiums over a 25-year
period about a tenth of what he could
expect to pay for a two-year nursing home stay when he reaches
age 85. As of 2004,
21 states had adopted state tax incentives for long-term care
insurance premiums
.terminology glossary
"
Founded in 1972 as a multi-lines insurance agency, NAIS, based in
Mt.
As the nation's governors
warn that the strain on public
assistance programs, such as Medicaid, is increasing (www.bankers
.explanation terminology
R.terminology acli
Today, the NAIS Innkeepers Program is the largest insurer of bed
and breakfasts and country
inns in the nation. Federal legislation now being considered, the
"Health Care Tax Deduction Act
of 2005" (H.
Established in 1879 and headquartered at the world-famous
Merchandise Mart in
downtown Chicago, Bankers Life and Casualty
Company focuses exclusively on the financial security
needs of
seniors.life basic
, formerly the James Wolf Agency, the nation's premier
insurance provider for
the innkeeping industry, offers a comprehensive
policy covering the inn, the owner, and the guest
.basic demutualization
The company offers a broad portfolio of health and life
insurance and retirement savings products
designed especially for
seniors.glossary terminology
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