Genworth’s Looming Rate Increases - A Sign of the Times?

Genworth Financial has been a solid player in the Long Term Care insurance arena for many, many years now. The company is well diversified, offers decent products, is financially strong and its annual earnings are up. So, why does Genworth feel the need to raise rates on older policies and jeopardize seniors who have faithfully paid their long term care insurance premiums all these years?

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Long Term Care - What are your plans?

Please share your plans for the future, because inquiring minds want to know: How are you planning to pay for your long term care costs, if you are among the 50% or so of Americans who need care?

• Will you depend upon your children long term care?

• Does your financial planning involve “spending down” to poverty levels, so that the government will pay for your long term care?
• Do you plan on killing yourself if you need care? If so, do you have an actual coordinated plan of action, or is this simply a pipe dream?

• How might Long Term Care Insurance benefit you?

• Maybe you’re tremendously wealthy and can afford to private pay. Perhaps you’re so wealthy that you can afford to set up some form of Trust. If so, would you please shed some light on why you find either choice preferable to long term care insurance protection?

We’d love to know what folks are thinking, so please enter your plans for long term care into the Comment Box below.

Your Comment will be posted in this category once it has been moderated ( this keeps out spam ), so come back to see your post and any replies!

Submit Your Questions and Stories About Long Term Care & LTC Insurance

Readers’ Questions: What Do You Want to Know? Is Long Term Care insurance for me?
How might having coverage benefit my family?”
Submit your questions about long-term care insurance by leaving a comment and we’ll get back to you.

Do you have a story to share with others about your experiences with Long Term Care? We’d love to hear from you. Leave a comment!