“After A Settlement, Steady Sales For LTC”

“After A Settlement, Steady Sales For LTC,” by Ben Mattlin, Financial Advisor

“Back in March 2023, Genworth, the nation’s largest provider of long-term-care insurance by number of policyholders, agreed to settle a class-action lawsuit over premium increases. The terms of the agreement were that customers could either accept rate hikes or settle for less coverage. The repercussions of the settlement are ongoing. But to industry insiders, one thing is already clear: Reports of the demise of the long-term-care insurance industry have been greatly exaggerated.”

 

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

Interesting insider insights.