New sets of LTCI data reveal continued resistance to perceived expense

As another LTC Awareness Month is in the books, recent statistics show Americans remain most spooked by the expense of obtaining coverage.

Combo products giving life back to long-term care market

While traditional LTCI sales decline, the need for long-term care services will increase as more people enter retirement. Combination products — life and annuity products with a long-term care rider – may be the answer for many.

Median cost of LTC services jumps 4.5% this year, rising at about three times...

Genworth's just-released 2017 Annual Cost of Care Survey finds costs continue to rise across all care settings while two-thirds of Americans mistakenly assume government will partially or fully pay for long term care services.

Company looks to make buying LTCI coverage common by selling through worksite

Most Americans aren't buying long-term care insurance, "but they will, where they work," says expert James Dettman, who recently joined ACSIA Partners. The LTCI-focused agency wants to make the often overlooked coverage as common as health insurance by selling it through the worksite.

As tax day nears, don’t let LTCI clients miss out on significant deductions

If you have clients who have long-term care insurance, "tax time is a good time to look for help from Uncle Sam," says Denise...

Most LTCI claims begin and end at home; insurers pay out $8.65 billion in...

The majority of long-term care insurance claims begin and end in the home, according to the latest data compiled by the American Association for...

Genworth Financial announces net loss of $122 million in 4Q, $277 million for all...

Genworth Financial, Inc. (NYSE: GNW) reported another large quarterly loss and its third consecutive annual loss as it continued to revise assumed mortality rates,...

New LTCI rates for a 60-year-old couple increase between 6% and 9% in 2017

A couple in their 60s both purchasing new long term care insurance coverage can expect to pay between 6% and 9% more compared to...

Increased tax-deductible limits for traditional LTCI important news for clients

The tax deductible limits for traditional long-term care insurance premiums paid in 2017 have been increased, according to a just-released IRS announcement brought to...

China Oceanwide to acquire Genworth Financial

RICHMOND, Va. and BEIJING – China Oceanwide Holdings Group Co., Ltd. ("China Oceanwide") and Genworth Financial, Inc. (NYSE: GNW) ("Genworth") announced Oct. 23 that...