In recently published studies, participants using the Brain Fitness Program showed statistically and clinically significant gains on standard cognitive batteries, while participants in control groups showed minimal or no gains. The gains are equivalent to 10 or more years of improved cognitive function (such as ability to remember and faster processing speed) among populations over age 60.
"Penn Treaty was one of the first providers to offer long-term care insurance more than 35 years ago, and continues to be a true leader in this industry," said Jeff Zimman, CEO of Posit Science.
Penn Treaty wants their policyholders to have the opportunity to enjoy healthy, independent lifestyles well into their retirement years through an emphasis on wellness. The Brain Fitness Program is the first component of Penn Treaty's comprehensive menu of wellness services and programs, which will be rolled out over the next year.
Dawn Helwig, Consulting Actuary at Milliman USA, Inc. and an expert in long-term care insurance products, said "The use of Posit Sciences' tools in the long-term care market is intriguing. If a significant percentage of people with long-term care insurance were to improve their cognitive skills in the manner indicated, the impact on the insurers' bottom line would be significant."
"The message that our customers will hear increasingly from us is that we care about their long-term health and we are devoting resources to being a positive coach in that regard," La Pierre said. "We are known already for effectively insuring individuals of higher risks. We are now complimenting that strength by offering our policyholders wellness programs that may enable them to lead longer, healthier and independent lives."
ABOUT PENN TREATY AMERICAN CORPORATION:
Penn Treaty American Corporation, through its wholly owned direct and
indirect subsidiaries, Penn Treaty Network America Insura
|SOURCE Penn Treaty American Corporation|
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