Massachusetts Mutual Life Insurance has introduced SignatureCare 500, a long-term care insurance product that lets consumers customize a policy to meet their needs.

Signature 500 offers a Shared Care Rider 1 option that gives couples and partners more flexibility when their coverage needs differ. Policyholders are eligible to receive annual dividends from MassMutual.

Consumers can choose one of two policies. The facilities-only base policy provides benefits for care in nursing homes and assisted-living facilities. The comprehensive base policy provides benefits for care in those facilities in addition to care at home and in community-based settings.

Policyholders can choose from a variety of riders to design a policy to meet their needs. Among them is a Shared Care option for two qualifying covered individuals, providing a shared third pool of money that each can access after exhausting his or her own individual pool of money. For more information, visit www.massmutual.com.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access