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8/22/2006: PPA Provisions Reflect Unique Role of Life Insurance in Providing Retirement Security (Jack Dolan of the American Council of Life Insurers)
Excerpt: One provision [of the Pension Protection Act] will make long-term care insurance more attractive to consumers. The other will help ensure that more of tomorrow's retirees will enjoy the guarantee of lifetime income offered by annuities that retirees from traditional 'defined benefit' plans receive today.... The long-term care provision [which becomes effective in 2010] allows for the combination of long-term care insurance with annuities.
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