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
Health Insurance
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
Social Security Disability applications near 1.4 million through July, Allsup reports plus 3 tips to know before filing
BELLEVILLE, Ill. – Nearly 1.4 million people applied for Social Security Disability Insurance (SSDI) benefits from January to July 2016, representing a slight decrease compared ... 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
California Insurance Commissioner joins organizations speaking out against health insurance mergers
The number of organizations speaking out against the proposed Anthem-Cigna and Aetna-Humana health insurance mergers continues to grow, casting some doubt on whether the U.S. ... Read more
Shift from group to individual coverage evident in AIS annual health plan survey
WASHINGTON, D.C. – The number of health insurance policies sold directly to consumers for 2016 increased by 9.3 million people, or 10% over last year, ... Read more
Americans underestimate cost of home care by nearly 50%, while nursing home room now tops $92,000 per year
RICHMOND, Va.– According to the Genworth 2016 Cost of Care Study, released May 10, the cost of receiving care continues to rise sharply year over year, ... Read more
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 for ... Read more
