“Genworth Might Resume Long-Term Care Insurance Sales by July”

“Genworth Might Resume Long-Term Care Insurance Sales by July,” by Allison Bell, ThinkAdvisor

 

Quote:

“Genworth Financial is working with a reinsurer to begin selling a new individual long-term care insurance (LTCI) policy that could reach the market as early as July 1, 2022. … Although Genworth will try to resume selling stand-alone LTCI, it will focus more on providing advice and other low-capital activities, such as selling LTCI policies designed in such a way that a reinsurer shares most of the risk, McInerney said.”

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

Once burned, twice cautious.