Category: Insurance and Healthcare

Policyholders are getting notifications from Genworth and other Long-Term Care providers that their insurance premiums will be increasing by as much as 60%.  These are not new policies; these are policies that have been in force for more than a decade.  The question is often, “What am I to do?” First, let’s understand what got […]

Insurance Companies Exiting the LTC business Genworth, a major writer of long-term care insurance (LTC), recently announced they’d no longer offer LTC insurance through brokers and, instead, would only offer coverage ‘direct-to-consumer’.  This is an effort to cut the enormous expenses of commissions paid to brokers and reflects declining demand for LTC products.  Demand has […]