Life insurance policies can include long-term care

A new law will allow long-term care insurance to be sold as part life insurance, with an aim to offer the product to more Minnesotans.

Sales of the coverage is allowed if it is an “innovative or reasonable approach” to protect and is in the best interest of the consumer.

Rep. Leon Lillie (DFL-North St. Paul) and Sen. Gary Dahms (R-Redwood Falls) sponsor the law that takes effect Aug. 1, 2022.

HF4031/SF3338*/CH79

New Laws 2023

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SF3338* / HF4031 / CH79

House Chief Author: Lillie

Senate Chief Author: Dahms

Effective Dates: See chapter summary in the file link above.

* The legislative bill marked with an asterisk denotes the file submitted to the governor.