Genworth Financial Announces First Quarter 2018 Results

05/01/18 Net Income Of $112 Million And Adjusted Operating Income Of $125 Million RICHMOND, Va., May 1, 2018 /PRNewswire/ — As Disclosed On April 24, 2018, Genworth And China Oceanwide Holdings Group Co., Ltd. (Oceanwide) Refiled Their Joint Voluntary Notice With The Committee On Foreign Investment In The United States (CFIUS) U.S. Mortgage Insurance (MI) Adjusted Operating Income Of $111 Million, Increased 52 Percent Compared To First Quarter Of 2017 U.S. MI’s PMIERs1 Sufficiency Ratio At 124 Percent, In Excess Of $600 Million Above Requirements Strong Performance For Canada MI, Adjusted Operating Income Of $49 Million, Up 28 Percent2 Versus
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Categories: Genworth, Industry News, and Long-Term Care.

Genworth Webinar On Shared Benefit Option – 5/22

Unique to Genworth – Our Shared Benefit Option: Tuesday, May 22 at:     • 11:00 AM Eastern / 10:00 AM Central     • 3:00 PM Eastern / 2:00 PM Central Learn in 10 minutes how Genworth’s Shared Benefit option can help you overcome a couple’s objection for purchasing long term care insurance. After registering, you will receive a confirmation email containing information about joining the webinar.   Genworth Webinar On Shared Benefit Option – 5/22   #goldencareagent #genworth
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Categories: Genworth and Long-Term Care.

GoldenCare Newsletter | May 7, 2018

In this GoldenCare Newsletter Edition From GoldenCare: PROMO TIME! Guarantee Trust Life Insurance Company’s recently-launched Home Health Care product complements the Critical Cash plan so well – it’s a close comparison!   Promo ends May 31st!  Get those apps in! Get all the details in this Edition.  Good Luck! The newest version of LTC CEO Office, Home and Internet Selling Tools Software is now available! Making a good decision on whether or not to own Long Term Care insurance depends upon receiving factual information on the subject. LTCCEO was developed to offer our clients the knowledge they need to make wise decisions.
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), Securian, and Transamerica.

“Nearly 25% of Americans Over 85 Need Personal Care”

“Nearly 25% of Americans Over 85 Need Personal Care,” by Tim Regan, Senior Housing News Quote: “It’s no secret that the need for caregiving services tends to grow with age, but a newly released report from the federal Administration for Community Living sheds light on just how many older adults in the U.S. need personal care. The percentage of older adults age 85 and older needing help with personal care was 22% between January and June of last year. That’s more than twice the amount of people between the ages of 75 and 84 (9%) and more than six times
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Categories: Clippings, Industry News, and Long-Term Care.

“Even Mild Concussion Tied to Greater Dementia Risk Later”

“Even Mild Concussion Tied to Greater Dementia Risk Later,” by Alan Mozes, HealthDay Quote:   “Concussions, even those that are mild, more than double the risk for developing dementia down the road, new research suggests. The findings stem from an analysis that tracked concussions and dementia risk among nearly 360,000 military veterans. … In the end, the team found that less than 3 percent of the non-TBI group went on to develop dementia, compared with just over 6 percent of the TBI group.” LTC Comment (from Stephen A. Moses, Administrative Coordinator, Center for Long-Term Care Reform): More bad news for
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Categories: Clippings, Industry News, and Long-Term Care.

“Retirees: Here’s Why You Might Be Investing All Wrong”

“Retirees: Here’s Why You Might Be Investing All Wrong,” by Motley Fool, Fox Business Quote:   “Sometimes, investing isn’t even the right way to handle some financial needs. If long-term care worries are paramount, then it might be more cost-effective to obtain long-term care insurance Opens a New Window.  than to set aside the hundreds of thousands of dollars you’d need to cover such costs on your own. That way, you can pay the premium and then utilize the rest of your retirement savings more effectively, knowing that you have your long-term-care risk under control.” LTC Comment (from Stephen A.
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Categories: Clippings, Industry News, and Long-Term Care.

“Obesity soars among long-stay nursing home residents”

“Obesity soars among long-stay nursing home residents,” by Kimberly Marselas, McKnight’s LTC News Quote:   “The rate of obese nursing home residents jumped from 22% to 28% between 2005 and 2015, according to research presented at the 2018 American Geriatrics Society conference. … In 2015, Class III residents, the most severely obese, were younger than the others. They also had more chronic conditions but lower rates of functional or cognitive decline” LTC Comment (from Stephen A. Moses, Administrative Coordinator, Center for Long-Term Care Reform): The vast majority of long-stay nursing home residents rely on Medicaid. The trend toward younger, obese,
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Categories: Clippings, Industry News, and Long-Term Care.

“Eating a Mediterranean Diet Could Delay Alzheimer’s Disease by Years”

“Eating a Mediterranean Diet Could Delay Alzheimer’s Disease by Years,” by Dana Dovey, Newsweek Quote:   “A study published last month suggests that a Mediterranean diet isn’t just good for your heart and waistline but can also stave off the onset of Alzheimer’s disease by as much as three and a half years. The findings may present another reason for you to add more fish and olive oil to your diet. … Results revealed that individuals who reported a lower adherence to the Mediterranean diet displayed more biological risk factors for Alzheimer’s disease at both baseline and at the end
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Categories: Clippings, Industry News, and Long-Term Care.

“The Myth of Outliving Your Retirement Savings”

“The Myth of Outliving Your Retirement Savings,” by Gail MarksJarvis, Reuters Quote: “Most retirement research points to an impending retirement crisis for about half of Americans who save too little. But a new study suggests that behavior like Anderson’s makes the outlook far less dire. Because people worry about outlasting their savings, most adjust by living humbly – often overly so. Consequently, they make even modest savings last for years longer than expected by researchers. “What can devastate financially are divorce, caring for a mentally or physically ill adult child who cannot work, and long-term care expenses, according to the
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Categories: Clippings, Industry News, and Long-Term Care.

“Federal Panel Puts Off Dementia Financial Burden Battle”

“Federal Panel Puts Off Dementia Financial Burden Battle,” by Allison Bell, ThinkAdvisor Quote: “A team that’s part of what was supposed to be an ambitious effort to fight Alzheimer’s disease, and other forms of dementia, has put off making any major proposals related to paying for long-term care services. The team, the National Advisory Council on Alzheimer’s Research, Care and Services, is simply recommending that the United States try to get more information about the impact of dementia-related costs on people with dementia and their caregivers. The country should ‘develop information about the impact’ and “identify approaches to address negative effects,” the
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Categories: Clippings, Industry News, and Long-Term Care.