Reminder: Updated Asset-Based LTC Loan/Withdrawal Process for California

In an effort to help clients better understand the impact of taking a loan or withdrawal from their asset-based LTC policy, California will now require policy owners to sign a letter outlining this impact before we can process a loan or withdrawal. This will affect California Asset-Care^®, Annuity Care^®, Annuity Care II and Indexed Annuity Care policies and contracts issued on or after Jan. 1, 2021.