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Chicago Tribune financial columnist Terry Savage has some good basic information on LTC insurance and why to buy.
Click here for the link to go to the article: http://www.huffingtonpost.com/terry-savage/long-term-care-is-not-a-l_b_8050032.html
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The LTC insurance business was never for sale, and I see this as good news for policyholders as Genworth refocuses on its core business strengths. Even though the market knocked Genworth down after the announcement, remember that there is a difference between being a sharholder and a policyholder. Short-term changes like these in the stock price are often at the cost to shareholders, but are a benefit to policyholders. From an article today in the Richmond Times Dispatch: “Genworth Financial Inc. confirmed Wednesday that it reduced about 220 positions in the first six months of this year as the [Virginia-based] insurer looks to cut costs... And Genworth executives told analysts that the company is no longer looking at selling its life and annuity insurance businesses..." |
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Comfort Long Term Care is an independent insurance brokerage agency specializing exclusively in LTC insurance. Agency owner, Bill Comfort, The LTCpro® is a LTC specialist celebrating 30+ years of experience since 1991! We are based in the Raleigh, Durham, Chapel Hill, North Carolina Triangle region, but we serve clients throughout NC and across the country. We also have an office in St. Louis, Missouri.
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The information on this website is for general informational and educational purposes only, and it is not intended to be a direct solicitation for the sale of any specific insurance company or policy form. Not all policy types, options, or riders discussed in general terms on this site are available in every state. Individual requests for specific company or policy information will be directed to a properly-licensed agent for the applicable state of residence. For complete information about any specific coverage - including limitations and exclusions - refer to a company-specific illustration and Outline of Coverage.