New York Life Launches an Indemnity Benefit for its Asset Flex Long-Term Care Insurance Solution

NEW YORK--(BUSINESS WIRE)--New York Life announced the launch of an indemnity benefit payment option for Asset Flex, its hybrid long-term care (LTC) insurance solution combining long-term care and universal life insurance. The Asset Flex Indemnity feature offers greater flexibility in how benefits are delivered, expanding how clients address LTC needs within a broader financial strategy. “We know that 70% of Americans turning 65 will need some form of LTC1, but LIMRA research finds only 3% over

NEW YORK--(BUSINESS WIRE)--New York Life announced the launch of an indemnity benefit payment option for Asset Flex, its hybrid long-term care (LTC) insurance solution combining long-term care and universal life insurance. The Asset Flex Indemnity feature offers greater flexibility in how benefits are delivered, expanding how clients address LTC needs within a broader financial strategy. “We know that 70% of Americans turning 65 will need some form of LTC1, but LIMRA research finds only 3% over