BANKERS LIFE AND CASUALTY COMPANY INTRODUCES NEW HOSPITAL INDEMNITY PRODUCT FOR SENIOR MARKET
Friday, October 19, 2007
CHICAGO (October 19, 2007) - Bankers Life and
Casualty Company introduced its newest health insurance product,
the Senior Hospital Indemnity Product. The individual plan provides
hospital and emergency room benefits to seniors on an indemnity
"Even with good health insurance coverage, today's seniors are
still faced with many out-of-pocket medical expenses," explains
Scott Perry, president of Bankers Life and Casualty Company. "It's
these bills that can jeopardize their financial security,
especially if there's an unexpected hospital stay that forces them
to dip into their savings or retirement nest egg."
The new Senior Hospital Indemnity Product, designed specifically
for seniors ages 65 to 84, works to reduce out-of-pocket expenses.
The plan pays benefits directly to the policyholder. It uses
simplified issue underwriting; no medical exams or physician
statements are required.
Clients can select the amount and duration of the hospital
benefit to give them a coverage level that fits their needs, or
that covers co-pays or deductibles on their existing health
coverage. The plan will also pay a fixed benefit for emergency room
Clients can further customize their coverage with optional
riders, where available, that pay benefits for skilled nursing
facility stays, durable medical equipment and ambulance
"We're pleased to be making this product more available to the
senior market," adds Perry. "It's a valuable addition that can help
ensure that seniors have a more comprehensive plan in place when it
comes to managing their health care expenses."
Bankers' new Senior Hospital Indemnity Product is currently
available through Bankers' career agents in 11 states, with
additional states to offer the product throughout the 4th quarter
About Bankers Life and Casualty Company
Established in 1879 in Chicago, Bankers Life and Casualty Company
focuses exclusively on the financial security needs of the mature
market. The nationwide company, a subsidiary of Conseco, Inc.,
offers a broad portfolio of health and life insurance and
retirement products designed especially for seniors. Visit us
online at http://www.bankers.com.