WASHINGTON, DC — Smaller wholesale-distribution firms may be able to offer long-term care benefits frequently available more often to larger companies, if those smaller firms are members of the National Association of Wholesaler-Distributors (NAW). A strategic alliance between NAW and CNA, a global insurer, has resulted in a new long-term care benefit program for the employees of NAW member wholesale-distribution firms. The association says it selected the LTCarePac program as its exclusive long-term care provider because of its coverage and online access/administration. Continental Casualty Co., a CNA insurance company, is underwriting the LTCarePac program.
NAW president Dirk Van Dongen commented that “LTCarePac gives wholesaler-distributors the opportunity to reward employees with tax-exempt long-term care benefits, funded corporately through tax-deductible premiums, with favorable conversion benefits when employment ends.”
For more information, visit www.naw.org/business.html (website) or call 866-756-8550.
Publication date: 07/29/2002