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Re: non qualified ltc plans conversion to qualified plan

Posted by stacey haddox on May 14, 2001 at 13:28:16:

In Reply to: non qualified ltc plans conversion to qualified plan posted by les on December 13, 19100 at 17:59:55:

: Is there any federal (or state) law that requires a ltc provider who sells non qualified ltc care policies as well as qualified plans to allow a non qualified plan policy holder to convert to a qualified plan? And a qualified policy holder to convert to a non qualified plan assuming that one is offered by the company? Les

Les:
There may not be any laws requiring insurance companies to have a conversion, but the quality insurance companies that have policies designed so that policyholders may actually trigger benefits offer "free conversions" to tq or ntq policies.

Follow Ups:

Re: non qualified ltc plans conversion to qualified plan : : Is there any federal (or state) law that requires a ltc provider who sells non qualified ltc care policies as well as qualified plans to allow a non qualified plan policy holder to convert to a qualified plan? And a qualified policy holder to convert to a non qualified plan assuming that one is offered by the company? Les : Les: : There may not be any laws requiring insurance companies to have a conversion, but the quality insurance companies that have policies designed so that policyholders may actually trigger benefits offer "free conversions" to tq or ntq policies.

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