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.
Recent Long-term Care Insurance News
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...
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...
No-longer-needed life insurance may hold solution for clients looking for a way to pay...
Millions of seniors needlessly throw away a life insurance policy without realizing it can be used to help them pay for any kind of...
July 18 launch of ‘EssentialLTC’ could generate lots of buzz in a market that...
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...