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AARP Services Inc. and Genworth Financial Introduce New Innovative and Affordable Long Term Care Insurance Option to AARP Members
Date:3/11/2008

WASHINGTON, March 11 /PRNewswire-USNewswire/ -- AARP Services Inc. and Genworth Financial, Inc. (NYSE: GNW) today announced the availability of a new long term care insurance plan for AARP's 39 million members. Genworth's Cornerstone Advantage(SM) plan is an affordable alternative to traditional long term care insurance and is currently available to AARP members in 27 states, with more states anticipated.

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"It's essential that every member of our aging population effectively plans for his or her future long-term care needs," said John Wider, vice president of Health Products and Services, AARP Services Inc. "Cornerstone Advantage from Genworth offers a more affordable alternative to traditional long term care insurance, making it accessible to a broader and growing number of members."

An estimated 83-million American consumers are eligible to purchase a stand-alone long term care insurance product, however many say they can't afford the premiums. Designed to significantly reduce those premiums, the Cornerstone Advantage plan makes long term care insurance more accessible to AARP members.

With deductible and co-insurance features similar to those in many health care plans, members can select benefits that match their needs and, for some policyholders, potentially lower premiums up to roughly half that of today's conventional long term care insurance products. The coverage is also specifically designed to be easier for members to understand.

The Cornerstone Advantage plan also allows members to select the daily benefit they want and the total amount of
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SOURCE AARP
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