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 Gott, ... Read more
Long-Term Care
Most LTCI claims begin and end at home; insurers pay out $8.65 billion in 2016 claims, new data confirms
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 Long-Term ... Read more
Genworth Financial announces net loss of $122 million in 4Q, $277 million for all of 2016
Genworth Financial, Inc. (NYSE: GNW) reported another large quarterly loss and its third consecutive annual loss as it continued to revise assumed mortality rates, resulting ... Read more
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 a ... Read more
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 our ... Read more
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 they ... Read more
Pay for LTCI with a Health Savings Account, ACSIA Partners suggests
KIRKLAND, Wash. – Many Americans realize they need long-term care insurance, but balk at the premiums. “Now there’s an easy way to pay,” says Denise ... Read more
No-longer-needed life insurance may hold solution for clients looking for a way to pay for LTC, senior living needs
Millions of seniors needlessly throw away a life insurance policy without realizing it can be used to help them pay for any kind of senior ... Read more
July 18 launch of ‘EssentialLTC’ could generate lots of buzz in a market that desperately needs it
It’s a very rare occasion these days when a new long-term care insurance product gets introduced, which is why today’s (July 18) official launch of ... Read more
Long-Term Care costs trend higher in Northeast; Lower in Southeast according to latest Genworth study
RICHMOND, Va. – Long-term care costs in the United States are generally highest in the Northeast and lowest in the Southeast, according to an analysis ... Read more
