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OT: TIAA Long Term Care Insurance
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raywax
02-24-2007, 5:51 PM | Post #195661 |
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My wife and I have had Long Term Care Insurance from TIAA for a number of years. We were under the assumption that TIAA had sold off its Long Term Care Insurance business to MetLife. Yet today we each received a package which basically appears to say that if we do NOT want our TIAA Long Term Insurance to be legally transferred to MetLife, we should sign a form and return it. In that case MetLife will continue to be the PROCESSOR of the insurance and we will continue to pay the quarterly bills to MetLife but our policies will be with TIAA itself.
Does anyone else have a TIAA Long Term Care Policy and/or do you know if the above statement is correct? If I had a choice, all other things being equal, I would prefer to keep the policy with TIAA as it has a higher rating as an insurance firm than MetLife. Is there some sort of hidden penalty if we sign the form and retain our policy with TIAA?
It is all rather confusing!
Ray
Originally posted in thread: 1461
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