The LSU System has partnered with ING Financial Services to offer a new insurance benefit to eligible employees. The Asset Protection Plan is an innovative product that combines long-term care insurance with the advantages of traditional whole life insurance.
Traditional long-term care policies are designed to cover expenses for care in a nursing home, assisted living facility, adult day care, or the home in the event of a long-term disability. However, if the long-term care benefit is never used, the employee loses the investment of his or her premium payments. By combining long-term care benefits with life insurance, the policyholder has the guarantee of long-term care benefits, if needed, and the promise of future life insurance benefits to their beneficiaries.
To learn more about this plan, click on the links below:
Interested employees will need to return a completed “Sign Up Today” form to the AgCenter HRM Office. The effective date of coverage will be determined by an ING representative, based on the date the application is completed.