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Genworth Financial Simplifies the Process of Purchasing Affordable Long Term Care Insurance for Virginia AARP Members
Date:7/13/2009

arp for more information about long term care insurance.

My Future, My Plan is one of many products Genworth has developed, reflective of American families' varying and ever-growing long term care needs. The company also offers affordable long term care insurance solutions through independent financial advisors. Earlier this year, the company launched a product suite to offer employers a practical way to provide affordable, comprehensive long term care coverage to employees and their families.

Virginia residents can also take advantage of Virginia's Long Term Care (LTC) Partnership, an alliance between the private insurance industry and the state government to help Virginia residents plan for future long term care needs without depleting all of their assets to pay for care. The combination of benefits offered by Genworth's LTC insurance products and the Partnership Plan provide Virginia residents with financial incentives to take proactive measures to help protect themselves and their families from the growing costs of long term care.

"Two-thirds of people over age 65 will need long term care in their lifetimes," said Buck Stinson, president, insurance products at Genworth Financial. "The current economic downturn has depleted the nest eggs of many Virginians, making it more important than ever to plan ahead for future long term care costs."

Helping American Families Through Education

As an industry pioneer and the largest underwriter of long term care insurance for more than one million policyholders, Genworth brings a strong commitment to solving our nation's long term care challenges, a reputation for service and a longstanding history of product innovation.

Since 2005, the company has conducted an annual Cost of Care Survey to provide Americans with a clear understanding of the cost of long term care in their area. According to Genworth's 2009 C
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SOURCE Genworth Financial, Inc.
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