Long Term Care Insurance

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  • Unexpected in Retirement

Prepare for the Unexpected in Retirement

By |May 8, 2014|Categories: Advice, Benefits, Buying Tips, Insurance Industry, Psychology, Retirement Planning|Tags: , , , , |

When it comes to planning for retirement, there are all kinds of planners. There are those who have planned their retirement down to a t, there are those who haven’t planned anything, but keep reassuring themselves that it will get done this year, and there are those who have a pretty good general idea of how their retirement will go. In truth, though, there are certain things that are impossible to plan for no matter how meticulous you are, and a sudden health care emergency in retirement is one of them.

Finding Peace of Mind

Sudden health care in retirement is not[…]

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  • Connecticut House Passes Bill

Connecticut House Passes Bill to Address Long Term Care Insurance Rate Hikes

By |May 5, 2014|Categories: Breaking News, Insurance Industry, States|Tags: , , , , |

The Connecticut House of Representatives recently passed a bill that is designed to mitigate the financial burden of Long Term Care Insurance rate increases on consumers.

Spreading Out the Cost

S.B. 199 would require insurers filing for a rate increase of 20% or more on any Long Term Care Insurance policy to spread the monetary increase out over a period of three years or more. The bill also requires insurers to provide policyholders with advanced notice of a premium rate increase before the increase is implemented, in addition to offering an option for policyholders to reduce their benefits and keep their[…]

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  • Anti-Anxiety Medication

Anti-Anxiety Medication Linked to Increased Risk of Death

By |April 17, 2014|Categories: Advice, Breaking News, Psychology|Tags: , , , , |

A large-scale study has identified a connection between anti-anxiety medication, sleeping pills, and risk of premature mortality. Though scientists clarify the study proves correlation, not causation, the data results are still noteworthy for anyone already on or considering these drugs.

Possible Concerns

Prescriptions of anti-anxiety medication and sleeping pills have continued to increase over the years and have raised some concerns from various scientists. According to the study, more than 16 million prescriptions were written for these types of drugs in England general practice alone between 2011 and 2012.

The recent study cites evidence of adverse effects that were documented in other research[…]

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  • Earnings

Genworth to Release 1st Quarter Earnings at End of April

By |April 15, 2014|Categories: Breaking News, Companies, Insurance Industry, Retirement Planning|Tags: , , |

Genworth Financial announced the time and date of their earnings release with 1st quarter results.

1st Quarter Earnings Release

The company will issue the release along with the financial supplement after the market closes on April 29. The information will be available on their website at investor.genworth.com after it has been made available to the public.

A conference call to discuss the 1st quarter results and earnings will be held on April 30, 2014 at 8 am. Genworth will relay their business results and a progress update on their strategic priorities. One of those recent priorities has been the company’s new approach to[…]

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  • Company

Genworth CEO Looks Back on First Year with Company

By |April 1, 2014|Categories: Companies, Insurance Industry, Retirement Planning|Tags: , , |

Genworth President and CEO Tom McInerney reflected on his first year with Genworth in a recent short video. He entered the Long Term Care Insurance industry at Genworth during a very turbulent time within the market. Fortunately, he placed Long Term Care Insurance as a top priority and is now looking to make vast improvements throughout how it is managed.

Big Changes

McInerney has been in the insurance industry for 35 years, so is by long term care insuranceno means a newcomer to this type of business. When he joined[…]

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  • Products from Genworth

New Long Term Care Insurance Products from Genworth

By |March 28, 2014|Categories: Breaking News, Companies, Insurance Industry, Retirement Planning|Tags: , , |

Genworth Financial has released information about their updated approach to the Long Term Care Insurance market and how they plan to design new products in the future.

Approaching New Products

President and CEO Tom McInerney addressed a question about how the company will handle new Long Term Care Insurance products and whether anything will change from previous releases. He explained that the company will always use their best estimate assumptions for the top four risks associated with long term care. Those risks include morbidity, mortality, interest rates, and lapse rates. When a product is launched, Genworth usually feels confident in their assumptions[…]

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