“Genworth Says Would-Be Buyer Is Having Trouble Closing on Financing,” by Allison Bell, ThinkAdvisor   Quote: “Genworth Financial Inc. says China Oceanwide Holdings Group Co. Ltd. of Beijing is having trouble nailing down the financing it needs to pay to acquire Genworth. … Genworth and China Oceanwide said they will push the deal completion deadline back to Sept. 30, from June 30. … ‘We have overcome many hurdles during the past three and half years and continue to persevere because of the future value of Genworth to our vision of pursuing the significant opportunities for long term care (LTC) insurance
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“CNA to Offer Some LTCI Insureds Free Concierge Services,” by Allison Bell, ThinkAdvisor Quote: “CNA is trying to keep its long-term care insurance (LTCI) insureds in their homes longer by offering some free advice on community resources. … Live humans at The Helper Bees, the company running the program, will give the insureds personalized advice about what their situation is and what kinds of services they need. … CNA no longer sells LTCI coverage, but it was once a major LTCI issuer, and it continues to provide LTCI coverage for many longtime policyholders.” LTC Comment (from Stephen A. Moses, President,
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“Are Your Long-Term Care Plans Putting You in Danger?,” by John Grobe, FedSmith Quote: “Ask yourself: do you want to spend your last years at the Trail’s End Nursing Home, where close proximity to other elderly people will result in you dying earlier than you might otherwise have died? Here are some things to consider: If you currently have, or are considering getting, long-term care insurance, you probably want to have a policy that includes the option of receiving care at home. Many LTC providers offer ‘facility only’ plans which are less expensive than ‘comprehensive’ plans that cover home based
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“Older adults concerned about retirements, look to alternatives to pad portfolios: surveys,” by Kimberly Bonvissuto, McKnight’s Senior Living Quote: “The top financial regret for Americans concerning COVID-19 is not having saved enough for emergencies (23%), followed by not having enough retirement savings (20%), too much debt (17%) and lack of income stability (14%). Only 7% cited living beyond their means as a top regret. Not enough retirement savings was the top regret for those aged more than 55 years. … Despite the number of seniors concerned about their futures, 89% said in April they were confident they had enough funds
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“Surprise: Unhealthy lifestyle tied to Alzheimer’s risk,” by Alicia Lasek, McKnight’s LTC News Quote: “A combination of healthy lifestyle behaviors is tied to substantially lower risk for developing Alzheimer’s disease, finds a new study. … When compared to participants who followed only one or two of these behaviors [physical activity, not smoking, light-to-moderate alcohol consumption, a high-quality diet, and cognitive activities], risk was found to be 37% lower in participants who followed two to three behaviors. And risk was further reduced — by 60% — in those who reported adhering to at least four healthy lifestyle factors.” LTC Comment (from
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