New Study Examines Long-Term Care Insurance Claims – Largest Claims Reaches $1.7 Million Mark – Women Represent Two-Thirds Of Claimants – Insurance Broadcasting

The largest open long-term care insurance claim has reached $1.7 million in paid benefits, according to a just-released report from the American Association for Long-Term Care Insurance (www.AALTCI.org). The claimant, a woman, purchased coverage at age 43, paying an annual premium of $881. Three years later her long term care insurance claim began and has continued for almost 15 years.

via New Study Examines Long-Term Care Insurance Claims – Largest Claims Reaches $1.7 Million Mark – Women Represent Two-Thirds Of Claimants – Insurance Broadcasting.

Sagicor Life Acquiring PEMCO’s Life Insurance Business

Sagicor Life Insurance Co. has an agreement to buy the policies and clients of PEMCO Life Insurance Co. from its parent company in Washington State as the latter firm exists the life insurance market.

Tampa-based Sagicor is buying about 10,000 term and whole life policies, along with about 7,500 clients, from PEMCO Mutual Insurance Co., a Washington State-based company.

via Sagicor Life acquiring PEMCO’s life insurance policies, clients | Insurance & Financial Advisor I IFAwebnews.com.