Genworth suspends LTCI, annuity sales through BGA channel
Company has temporarily suspended sales of individual long-term care insurance and income Assurance Annuity products through the brokerage general agency channel in all states, effective as of Monday, March 11.
Recent Long-term Care Insurance News
Long term care insurance claims top $10 billion in 2018
A record $10.3 billion in claims was paid last year by the nation's long-term care insurance companies, according to new data from the American Association for Long-Term Care Insurance.
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.
Latest FIO report chock full of industry data and analysis
Seventh annual Dodd-Frank-mandated report shows U.S. still the world’s largest insurance market; provides a detailed analysis of the current state of the overall market.
Buyers of new LTCI policies face little risk of future rate increase, new study...
Individuals who purchase a new long-term care insurance policy face little if any chance of a future rate increase according to a study of pricing experts released Sept. 17 by the American Association for Long-Term Care Insurance (AALTCI).
Life-LTC combo products on rise; now represent 25% of total new U.S. life insurance...
Total new premium for life combination products increased 18% in 2017, marking the third consecutive year of premium growth.
Decline rates rising for LTCI applicants under 70; stable (but high) for those over...
As a new study shows it’s getting even harder to health-qualify for long-term care insurance, AALTCI advising consumers to apply at earlier ages.
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.
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.
Zenith Marketing Group partners with Ash Brokerage
Zenith Marketing Group, a full service insurance brokerage agency based in Freehold, N.J., is joining Ash Brokerage, the largest privately held insurance brokerage in the United States, the companies announced recently.
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.