Tuesday, September 25, 2012

Genworth Long Term Care 40% Spousal Discount in Select States

Back in July Genworth has some major changes to their long term care insurance Privileged Choice Flex product, to include reducing their spousal discount from 40% down to 20%, however this does not effect all states. The states where you can still get this very nice spousal discount of 40% include AK, CA, CO, DE, DC, IL, IN, IA, KS, KY, ME, MA, MS, NE, NV, NJ, NY, NC, OH, SC, UT, VA, WA, and WY. The CA Partnership, IN Partnership and NY Partnership still also offer 40%. Take advantage of this discount today and request a Genworth long term care insurance quote at http://ltcinsurancethatmatters.com/long-term-care-insurance-inquiry.htm.

Monday, July 9, 2012

Now is a Great Time to Consider Purchasing Genworth Long-Term Care Insurance

If you were considering purchasing long-term care insurance in the past or you have been thinking about purchasing it, now would be a great time to do so! Below are some major changes that are taking place:

1.  Couples who purchase before July 27, 2012 will enjoy a “Couples Discount” of up to 40%.  New couples discount as of August 1, 2012 will be 20%.

2.  Individuals with exceptional health will receive a 15% Preferred discount prior to July 27, 2012 after August 1, 2012 preferred discount will be suspended.
3.  As of August 1, 2012 Lifetime benefits and Limited pay options will also be suspended.

Steven Zabel, the senior vice president for Genworth's long-term care
division gave this statement “Given the continued low-interest-rate
environment and industry dynamics, we are leveraging our extensive
experience and making changes to best position Genworth for greater
stability and future growth,” continuing, “These interim changes to our
products are designed to help moderate business flow with the
implementation of our new long-term-care insurance products next year.”

You can still take advantage of these money saving features until July 27th. Request a quote now!


Tuesday, June 19, 2012

Long Term Care Is all About the Family

Long term care is not only about the person needing care it is also about the family. LTC can take a huge toll on family - their way of living and financially because families are typically the ones who are responsible for providing the care physically and financially. Long term care insurance doesn't necessarily have to replace a family member from providing care but it can help, it can allow for the loved one to be cared for longer, better and with more dignity. Long term care insurance can be one of the biggest demands on a loved ones standard of living, it can help protect you by:

-Help relieve the financial burden on your family
-Help by paying the family caregiver
-Helps maintain financial independence
-Helps keep your savings and retirement

Plan today for your long term care future, it is a precious gift you can give to your family! Visit www.ltcinsurancethatmatters.com for more information.

Tuesday, June 5, 2012

Genworth Hybrid/Single Premium Long-Term Care Insurance Product

Genworth offers a hybrid/single premium long-term care insurance policy called Total Living Coverage (TLC), this product offers a different approach on retirement planning with combining a universal life insurance policy with long-term care insurance benefits. It offers "1 Smart Move, 3 Distinct Options" -

-Care if Covered - on average 6 times the premiums. If you have a LTC event, Total Living Coverage leverages the initial premium to pay for the expenses.
-Life is Covered - on average 2 times the premiums. If you don't need LTC benefits, Total Living Coverage pays an income tax-free death benefit to the beneficiary.
-Decisions are Covered - no regrets! If you change your mind and do not want the policy before the 15the 15th year is up, you will back at least your initial premium (less any benefits paid).

You might be wondering if a Hybrid long-term care insurance policy is for you. The typical buyer is retired or close to retirement, having assets more than $300,000 and they are self insuring the risk of needing long-term care. TLC will help cover long-term care benefits, help protect beneficiaries with an income tax-free benefit and it will free up assets. Coverage is customizable and provides certain guarantees! To learn more about Genworth single premium TLC visit www.ltcinsurancethatmatters.com.

Thursday, May 24, 2012

Genworth 2012 Cost of Care Survey Is a Big Hit!

Since the release of the Genworth 2012 Cost of Care Survey Genworth has had more than 182 million media impressions! Genworth has helped millions of people around in the country with their long-term care needs and the Cost of Care Survey is just one of their enriched resources they provide help agents and consumers nationwide.

The 2012 Cost of Care Survey has made many headlines including "Don't Grow Old Without It", "Expenses Continue to Mount" and "No One is Too Old Young (Or Too Old) for Genworth's LTC Mobile App," the media has been of great assistance in sharing the messing about the importance of long-term care planning!

You can visit the interactive map here .

Tuesday, May 15, 2012

Why Most People Don't Plan for Long-Term Care Insurance

There are roughly 313 million people that live in the U.S. and only about 8 million own a long-term care insurance policy, this is a pretty small percentage! So why is it that most Americans fail to plan for something that they have a 70% chance of needing after the age of 65? There are several reasons:

-Some people are not aware that long-term care insurance even exists
-Some think that it is included in their health insurance
-People think "this won't happen to me"
-They avoid the thought of needing care and loosing their independence
-They are provided with the wrong information about long-term care insurance
-And one of the biggest misconceptions is that long-term care insurance is covered by Medicare

As you can see there are several reasons people don't purchase long-term care insurance. Probably the two most popular reasons are the cost and they think that Medicare will cover the costs of care. One thing I would like to point out is that long-term care insurance has so many different options when constructing a policy, so it is easy to make the necessary changes to fit into most budgets. It is better to have some coverage than none at all. And as far as Medicare covering the cost of long-term care services, this is far from the truth. Medicare is more for short term care, not long term, it will cover up to 100 days of skilled nursing care and home health care must be skilled care as well, which most home health care provided is from a home health aide or a homemaker service, which these are not skilled care. In addition, to qualify for Medicare long-term care benefits you must have at least a 3-day hospital stay before entering a nursing home. Medicare should not be a substitution for long-term care insurance.

If you have assets to protect it is wise to plan for long-term care with LTC Insurance! Visit www.ltcinsurancethatmatters.com!

Tuesday, May 8, 2012

Genworth's Caregiving Help and Advice Website

It is such a trying time when a loved one needs long-term care services, it difficult on all ends of the spectrum. For so many it is the parents that need care, the parents that have spent so many years caring for you and now it is your turn to care for them. When this happens most of us, we will typically have our own children we are caring for, in addition to a job, a house and all the other things that you have to care for on a daily basis. Trying to find the time and energy to care for a loved can be so difficult. Even though there is nothing know one can do to alleviate the need for care there are some reasources out there to help.

Genworth has a whole website dedicated to caregiving, it is called AARP Caregiving Help and Advice from Genworth. It is a national caregiving service dedicated to helping AARP members and their families find information, advice and guidance to support their long-term care needs, when your loved ones are receiving care. The website is https://caregiving.genworth.com/. There is lots of articles, how to's, checklists, learning about caregiving and long-term care, helpful questions and answers, assessment tools, care provider search, and much more!