“The New Retirement Strategy,” by Reshma Kapadia, Barron’s “Though few people buy long-term care insurance, Mitchell argues that it remains a good, albeit expensive, option for middle-income households.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): A nice tip of the hat from Barron’s.  
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“Maybe not such a safe bet after all,” by John O’Connor, McKnight’s Senior Living “So what are the takeaways here for senior living operators? I’d submit there are two. … One is that private insurance is not going to be the financial salvation for eldercare services its early backers had hoped for. Going forward, we can expect policies will cost far more and deliver far less. The business may not completely dry up. But it certainly will become more selective in nature. What we are far more likely to see – and in some corners are already beginning to see
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“Big claims strain senior living market for U.S. insurers,” by Suzanne Barlyn, Reuters “As the U.S. society ages, senior living communities are on the rise. So are claims and lawsuits against them. And when they lose, it is usually down to insurers to pay up. … Some senior living facilities could see insurance rate hikes in 2019 as high as 30 percent, according to insurance broker Willis Towers Watson. (WLTW.O) Fewer insurers are offering coverage today than they were five years ago and some Lloyd’s of London members stopped writing the coverage during the past year, said John Atkinson, managing
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“Is Genworth Financial a Buy?,” by Mathew Frankel, Motley Fool “Genworth Financial (NYSE:GNW), a leader in long-term care (LTC) insurance and mortgage insurance, is trading for about $4.50 per share. This is rather cheap, considering there’s a pending acquisition of the company at a price of $5.43 that management is hoping will close within the next few months. However, there’s a big caveat here. The acquisition still has quite a few regulatory hurdles to cross before it’s a done deal. Let’s look at why there is such a disparity between the current stock price and the acquisition price, and see
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“How and Why Entrepreneurs Should Focus on Seniors in 2019,” by Jeannette McClennan, Entrepreneur “We see a lot of headlines about how our population is aging, but we don’t see what businesses are doing about it. By 2035, for the first time in American history, people aged 65 and older will outnumber those 18 and younger, and it’s time for entrepreneurs to take note. As someone who has worked in innovation in the senior space, for AARP and elsewhere, I can offer some predictions for what I see as the path forward, and what entrepreneurs — of any age — can
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“Genworth Gets Major Regulatory Approvals for China Oceanwide Deal,” by Allison Bell, ThinkAdvisor “Genworth Financial Inc. is now much closer to becoming part of China Oceanwide Holdings Group Co. Ltd. The Richmond, Virginia-based insurer says it has received approvals for the $2.7 billion China Oceanwide deal from several major regulatory agencies. … GLIC has written more LTCI business than any other U.S. issuer. The Delaware Department of Insurance, the lead regulator for a major Genworth subsidiary, Genworth Life Insurance Company (GLIC), has given the deal its blessing. Genworth says it also has received approvals from two major U.S. mortgage guarantee agencies,
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“How and Why Entrepreneurs Should Focus on Seniors in 2019,” by Jeannette McClennan, Entrepreneur “We see a lot of headlines about how our population is aging, but we don’t see what businesses are doing about it. By 2035, for the first time in American history, people aged 65 and older will outnumber those 18 and younger, and it’s time for entrepreneurs to take note. As someone who has worked in innovation in the senior space, for AARP and elsewhere, I can offer some predictions for what I see as the path forward, and what entrepreneurs — of any age — can
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“Are you heavier or shorter than the average American?,” by Naomi Thomas, CNN “America is struggling with an obesity epidemic, and a new government report says that the population is only getting heavier. … The average weight of American men in 2015-16 was 197.9 pounds; for women, it was 170.6 pounds. This is up from 189.4 pounds and 163.8 pounds, respectively, in 1999-2000. … BMI, a formula involving height and weight, also increased. In 2015-16, the average BMI was 29.1 for men and 29.6 for women. [30 is the cutoff for obesity.] Both numbers have increased since 1999-2000 when they
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