NGL enters long term care market with new stand-alone product called EssentialLTC

MADISON, Wis. - July 19, 2016 - PRLog -- A mutual insurer with more than a century in the insurance industry and rated A- (Excellent) from A.M. Best, National Guardian Life Insurance Company (NGL), headquartered in Madison, Wis., is entering the long term care market by launching EssentialLTC.

EssentialLTC is a new stand-alone insurance product designed by market experts with some of the features that long term care professionals have been looking for but are not readily available in today's market. Key features available include limited pay, lifetime benefits, return of premium, joint policy discounts and 1035 exchange eligible.

"As a mutual insurer, we are always focused on products that bring significant benefits to our policyholders," said Patrick Juarez, Vice President of Group Market Sales at NGL. "We know the senior population expands daily and this is an ideal product to help create both peace of mind and increased financial stability. It has been many years since a new insurer entered the long term care market so NGL is excited to join the marketplace by launching EssentialLTC."

Additionally, NGL is pleased to announce a partnership with LifeCare Assurance Company as the sole administrator for EssentialLTC. With nearly three decades of experience, LifeCare is an expert in developing, launching and administering long term care insurance programs.

"LifeCare is proud to be assisting NGL with its new long term care offering. As a mutual insurance company, NGL brings a long history of financial stability to the stand-alone long term care insurance program. We look forward to a productive and mutually prosperous venture," said Jim Glickman, President and CEO, LifeCare Assurance Company.

Learn more about the new long term care product at: https://www.NGL-EssentialLTC.com.

About LifeCare Assurance Company

LifeCare has developed, launched and administered long term care insurance products for nearly three decades. LifeCare has not only pioneered several product design features that are now widely used in the industry but has also successfully launched over 30 products for over a dozen companies. Additional information about LifeCare can be found at lifecareassurance.com.

About NGL

Since 1910, National Guardian Life Insurance Company (NGL) has been a mutual insurance company located in Madison, Wis. Licensed to do business in 49 states and the District of Columbia, NGL markets preneed and individual life and annuities, as well as group market specialty insurance products. Additional information about NGL can be found at www.nglic.com; Facebook: Facebook.com/NGLIC and LinkedIn: linkedin.com/company/national-guardian-life-insurance-company/

Rating current as of 08/05/2015.

National Guardian Life Insurance Company is not affiliated with The Guardian Life Insurance Company of America a/k/a The Guardian or Guardian Life.