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...

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...

Few LTCI claims begin in nursing homes

The vast majority of long-term care insurance claims begin in the home while fewer than 3 in 10 start in a nursing home, according to a newly released industry analysis of claims conducted by the AALTCI.

Prices for LTCI coverage show slight year-over-year increase

Just-released 2019 LTCI Price Index shows average annual premium for a 55-year-old couple was $3,050.

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...

Industry Briefs: A quick look at recent life and annuity news of note

Here’s a roundup of some of the news and events from a wide range of topics coming across the wires from life and health industry organizations and companies lately.

Home care dominates majority of long-term care insurance claims

New study from AALTCI finds 70% of LTCI claims begin at home; most also end there.

Short-Term Care Insurance policy sales grow 20% in 2015

LOS ANGELES – Sales of short-term care insurance grew 20% in 2015 according to a recently released industry report from the National Advisory Center...

Annuities underutilized for tax-free LTC benefits, data suggests

New guide aims to educate consumers and financial professionals about how 1035 exchanges can provide advantages for tax and long-term care planning.