Staying Connected: The Potential Need for Long Term Care

Greetings, and welcome to another edition of our “Staying Connected” email series. In this issue, we wanted to share a video to help start conversations – with your clients, but also your own family. The potential need for long term care is a topic most people would rather avoid. But not talking about it doesn’t make the issue go away. It only delays planning and leads to potential confusion and financial impact for not just those who may need care, but their family and friends. The reality is that seven out of ten people over the age of 65 will
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Categories: Genworth, Industry News, and Long-Term Care.

Genworth – 2021 Cost of Care Survey Results

Since 2004, families across America have counted on us to help them understand the cost of care. Our research in 435 cities and towns across all 50 states has not only helped individuals plan for their own care but helped policymakers with forecasting and legislative reform. In 2021, the 18th year of the survey, the United States continued to grapple with the COVID-19 pandemic and the national median costs associated with all long-term care service providers increased compared to 2020 data. Why Cost of Care is Increasing Since we started tracking the cost of care in 2004, long term care
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Categories: Genworth, Industry News, and Long-Term Care.

Genworth Announces Termination of Merger Agreement with Oceanwide

RICHMOND, Va., April 6, 2021 /PRNewswire/ — Genworth Financial, Inc. (NYSE: GNW) (Genworth, the Company) today announced that it has exercised its right to terminate its merger agreement with China Oceanwide Holdings Group Co., Ltd. (Oceanwide) as of April 6, 2021. Terminating the agreement allows Genworth to pursue its revised strategic plan without restrictions and without uncertainty regarding its ultimate ownership, which might impact the Company’s ability to successfully execute the plan. The Company’s revised strategic plan includes a potential partial initial public offering (IPO) of its U.S. MI business (subject to market conditions as well as the satisfaction of
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Categories: Genworth, Industry News, and Long-Term Care.

Watch Now – 2020 Industry Updates On-Demand Video

Our Industry Updates Recording Is Available On-Demand Did you miss GoldenCare’s Industry Updates – 2020 Year-End Grand Finale” webinar presentation yesterday? Due to the overwhelming number of requests, we’re pleased to make the recording of this presentation available on-demand for a limited time. Click here or click the image above to watch it now! Happy Selling and Success in 2021!     Click Here to add additional carriers & products to your appointments. Questions? Call our Marketing Team at 800-842-7799! Don’t forget to subscribe to our News Digest for all the latest announcements from the Top Carriers! Check out GoldenCare
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Categories: GoldenCare News, Industry News, and Long-Term Care.

AVAILABLE ONE MORE DAY! Watch Now – 2020 Industry Updates On-Demand Video

Our Industry Updates Recording Is Available On-Demand Did you miss GoldenCare’s Industry Updates – 2020 Year-End Grand Finale” webinar presentation yesterday? Due to the overwhelming number of requests, we’re pleased to make the recording of this presentation available on-demand for a limited time. Click here or click the image above to watch it now! Happy Selling and Success in 2021!     Click Here to add additional carriers & products to your appointments. Questions? Call our Marketing Team at 800-842-7799! Don’t forget to subscribe to our News Digest for all the latest announcements from the Top Carriers! Check out GoldenCare
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Categories: GoldenCare News, Industry News, and Long-Term Care.

2021 Partnership Minimum Benefit Requirements for CA, CT, IN and NY

Each year, the original Partnership states (CA, CT, IN and NY) revisit certain minimum benefit requirements to qualify for their Partnership programs. The requirements that are changing for 2021, as well as some (but not all) minimum Partnership requirements that not changing, are listed below. California Partnership The following minimum benefit requirements for Partnership in California are not changing for 2021. Requirements 2020 2021 Minimum Daily Benefit $230 $230 Minimum Monthly Benefit $7,130 $7,130   Connecticut Partnership The minimum monthly benefit required in 2021 for Connecticut Partnership plans will be $9,095. Because this amount is higher than the current maximum
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Categories: Genworth, Industry News, and Long-Term Care.

Good News | Now Available: 2020 Cost of Care Data to Support Your LTCi Sales

Good News! Genworth’s 2020 Annual Cost of Care Survey Now Available Genworth started tracking the cost of care 17 years ago and have been a trusted source since. Over the years, we’ve tracked various trends that have come and gone but one thing hasn’t changed: long term care costs for nursing homes, assisted living facilities, and in-home care are higher than most people have planned for and only continue to rise. Genworth Cost of Care 2004 – 2020 To explore Cost of Care data by city, state or zip code, find trend charts and access lists of states ranked in
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Categories: Genworth, GoldenCare News, Industry News, and Long-Term Care.

Genworth – 2020 Cost of Care Survey Results

We started tracking the cost of care 17 years ago and have been trusted source since. Since 2004, families across America have counted on us to help them understand the cost of care. Our research in 435 cities and towns across all 50 states has not only helped individuals plan for their own care but helped policymakers with forecasting and legislative reform. Over the years, we’ve tracked various trends that have come and gone but one thing hasn’t changed: long term care costs for nursing homes, assisted living facilities, and in-home care are higher than most people have planned for
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Categories: Genworth, Industry News, and Long-Term Care.

Genworth to distribute newsletter to LTC Policyholders

Mailings to begin in July 2020 Genworth will begin mailing a newsletter to LTC policyholders in July 2020 with information and updates including: A message from our CEO New solutions for common caregiver problems Update on global expansion Premium rate increase explained Policy and service questions To view a copy of the newsletter, click here.   Genworth to distribute newsletter to LTC Policyholders   #goldencareagent #genworth
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Categories: Genworth, Industry News, and Long-Term Care.

Genworth: Coronavirus (COVID-19) Preparedness

We are committed to protecting our associates and their families, as well as being there when our policyholders and customers need us the most. In response to the coronavirus (COVID-19) outbreak, we have implemented a plan to help reduce the risk of exposure and transmission among our employees and allow us to continue to provide service to our policyholders and customers. This includes several changes to our corporate policies. Work. All employees strongly encouraged to work from home Travel Guidelines. Restricted employee travel and company visitors Technology. Equipped employees with tools and technology to work remotely from home. Business Continuity.
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Categories: COVID-19, Genworth, Industry News, and Long-Term Care.