National Best Financial Network, a Calgary-based managing general agency (MGA), has launched an online service for consumers that it says compares the features and pricing of long term care insurance policies from leading carriers in the market.
In an announcement issued June 20, the company said that based on each individual's age, gender, marital status and province, the Canadian LTCi website automatically compiles a detailed comparison of top policies. “Consumers receive a review of each carrier's financial strength, a side-by-side analysis of each policy's provisions and personalized premium estimates.”
Fred Wing, Chief Operating Officer of the MGA states, "Canadian LTCi monitors only insurers who hold high ratings from the most respected rating agencies such as Standard & Poor's, Moody's and Fitch…Plus, our analysis focuses on important policy features such as benefit triggers, benefit payments and inflation protection."
Canadian LTCi will also offer to put interested consumers in touch with licensed professionals who have specialized training in the LTCi market.
"We're not tied to a specific insurance company or policy,” said Wing. “This independence gives us the freedom to search out and select the absolute best value for each consumer."
The new site can be viewed here.