“Genworth to Shift to China Oceanwide Deal Backup Plan,” by Allison Bell, ThinkAdvisor  Quote: “Genworth Financial Inc. and China Oceanwide Holdings Group Co. Ltd. today said they will shift to using a merger agreement without an end date. Genworth said it will begin executing a plan that serves as an alternative to the company being acquired by China Oceanwide. China Oceanwide has been trying to acquire Genworth since October 2016, in a deal with an estimated value of about $2.7 billion.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Better open-ended than never.  
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  “The COVID-19 Pandemic Has Upended The LTCi Market,” by Ayo Mseka, InsuranceNewsNet Quote: “NAIFA’s 2020 Impact Week: Long-Term Care Conference was a treasure trove of information for financial professionals looking to enhance their knowledge of the limited and extended care planning and long-term care insurance markets. The online event was presented by NAIFA’s LECP Center, which gives agents and advisors the opportunity to network with service providers and gain information they can use to address the changing needs of the market.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Click through for a brief summary
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  “What’s Most Hurting the Financial Security of Older Americans?,” by Ginger Szala, ThinkAdvisor     Quote: “Adults age 70 and older have increased their debt since the Great Recession — largely due to mortgage payments — and this hampers their ability to overcome ‘negative events’ as they age, according to a recent study by the Center for Retirement Research of Boston College. … The study also reveals that heavier debt burdens are likely to result in ‘more hardship’ for today’s older retirees. However, those ‘less well off’ retirees are increasingly vulnerable to both personal financial and economic shocks. … The authors state that
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