Navigation Links
Survey Reveals Long Term Care Key Issue for Voters in Presidential Election
Date:10/27/2008

LTC of Critical Concern for Baby Boomer Voters, Genworth Financial Poll

Finds

RICHMOND, Va., Oct. 27 /PRNewswire-FirstCall/ -- Eighty-four percent of baby boomers say the presidential candidates' positions on long term care issues and funding will be an important factor in determining how they cast their vote in November, according to a national survey of more than 800 registered voters ages 45 to 64 sponsored by Genworth Financial, Inc. (NYSE: GNW).

According to the poll, conducted mid-September 2008, 41 percent of respondents said the candidates' positions on long term care issues and funding are "very important," 18 percent said "important" and 25 percent said "somewhat important" in deciding how they will vote. The survey, released in tandem with the beginning of National Long Term Care Awareness Month, specifically reveals:

-- More women than men (88 percent versus 79 percent) said they considered the issue of long term care at least somewhat important in determining how they will vote.

-- Voters with lower household incomes found long term care policy and funding issues more important in their election decisions than those with higher incomes, with 93 percent of those earning $35,000 - $50,000 per year claiming an impact on their vote compared to 78 percent of those earning $75,000 or more per year.

"Given the uncertain nature of the current economic climate, future financial security is of paramount importance to this generation," said Buck Stinson, president of Genworth Financial's long term care insurance business. "The rising cost of long term care and the shortage of caregivers in this country have made finding quality, affordable long term care a challenge for countless American families. Voters in the mid-forties to early sixties age group want to know that the candidates share their concerns."

According to the U.S. Department of Health and Human Services (HHS), 70 percent of Americans who reach their 65th birthday will have to pay for some kind of long term care services. Today, only 8 million Americans have purchased long term care insurance yet 76 million baby boomers* are on the cusp of potentially needing this type of protection. Costs continue to escalate for these types of services, having reached an average national cost of $76,460 for one year in a private nursing home room, according to Genworth's 2008 Cost of Care Survey.

"Amidst economic uncertainties, purchasing long term care insurance from a trusted leader in the industry is one thing consumers can do to ensure their future long term care needs are covered without having to spend their hard- earned savings," Stinson continued. "It's more important than ever that this type of protection be an integral part of each individual's overall financial plan."

Consumers interested in getting additional information about long term care planning can visit http://www.mylifemyfamily.com/. Consumers interested in getting additional information about the cost of care can visit http://www.Genworth.com/CostofCare or call 888 GENWORTH (888 436-9678).

About Long Term Care Insurance from Genworth Financial

Genworth Financial's Long Term Care Insurance business helped pioneer the development of long term care insurance in 1974 and has been an industry leader ever since. Long term care insurance is underwritten by Genworth Life Insurance Company, and in New York, by Genworth Life Insurance Company of New York, Administrative Offices: Richmond, Virginia. For more information, visit Genworth.com/longtermcare.

About Genworth Financial

Genworth Financial, Inc. (NYSE: GNW) is a leading public Fortune 500 global financial security company. Genworth has more than $114 billion in assets and employs approximately 7,000 people in 25 countries. Its products and services help meet the investment, protection, retirement and lifestyle needs of over 15 million customers. Genworth operates through three segments: Retirement and Protection, International and U.S. Mortgage Insurance. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia. For more information, visit Genworth.com.

Methodology

Opinion Research Corporation conducted the survey. Findings presented are from a telephone poll conducted among a national probability sample of 825 registered voters aged 45-64, living in private households in the continental United States. Interviewing was completed during the period September 18-22, 2008. Completed interviews were weighted by four variables: age, sex, geographic region, and race, to ensure reliable and accurate representation of the total population. The margin of error for results based on all 825 registered voters aged 45-64 is plus or minus 3.5 percentage points.

Sources:

*American Association for Long-Term Care Insurance, 2008 LTCi Sourcebook


'/>"/>
SOURCE Genworth Financial, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Survey reveals disparities in skin cancer knowledge, protection among high school students
2. New Survey Shows Americans are Still Concerned About Food Safety, Yet Still Not Smart About What They Like to Eat
3. One of the Largest Post-WHI Physician Surveys Shows More Education is Needed: Patient Misinformation About Hormone Therapy Remains High
4. Hospitals Could Improve Outcomes for Patients and Save Millions According to Hill-Rom 10th Annual Pressure Ulcer Survey
5. Youth Drug Use at a Five Year Low, New Survey Shows
6. Survey From The Partnership and MetLife Foundation Reveals Important Role Todays Grandparents Play in Teens Lives
7. Parental surveys boost diagnosis abilities of pediatricians
8. National Survey Shows Employee Fears About Consumer-Driven Health Plans on Decline
9. JHA Releases 2007 U.S. Group Disability Mid-Year Market Survey Results
10. PA Health Department Survey Shows Impact of Income, Gender, Other Factors on Health and Access to Health Care
11. Launch of second European Cancer Research Funding survey
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... The International Association ... standards of excellence for the field of eating disorders, announces the opening of ... 2018 in Orlando, Florida at the Omni Resort at ChampionsGate. , ...
(Date:10/13/2017)... ... October 13, 2017 , ... Apple Rehab Shelton Lakes , which specializes ... of the facility as part of a disaster drill on October 3rd. , Apple ... Shelton City Emergency Manager, as well as the Connecticut Long Term Care Mutual ...
(Date:10/13/2017)... ... October 13, 2017 , ... Global Healthcare Management’s 4th ... Park in Milford, NJ. This free event, sponsored by Global Healthcare Management’s CEO, ... The fun run is geared towards children of all ages; it is a non-competitive, ...
(Date:10/13/2017)... ... 2017 , ... “The Journey: From the Mountains to the Mission Field”: the ... in the Philippines. “The Journey: From the Mountains to the Mission Field” is the ... She has taught all ages and currently teaches a class of ladies at her ...
(Date:10/12/2017)... ... October 12, 2017 , ... Planet Fitness, one of ... announced today its plans to open a flagship location in Covington, LA at 401 ... Rooms To Go store next to Office Depot in the Holiday Square shopping center. ...
Breaking Medicine News(10 mins):
(Date:10/12/2017)... 2017 West Pharmaceutical Services, Inc. ... injectable drug administration, today announced that it will release ... Thursday, October 26, 2017, and will follow with a ... at 9:00 a.m. Eastern Time. To participate on the ... conference ID is 94093362. ...
(Date:10/10/2017)... 10, 2017  NDS received FDA 510(k) clearance in May 2017 ... display stand specifically designed for endoscopy environments. An innovative secondary monitor ... clinical solution to support the improvement of patient outcomes, procedural efficiency, ... ... ...
(Date:10/4/2017)... Mass. , Oct. 4, 2017  According to the Centers for ... the end of October . PhysicianOne Urgent Care is helping communities across ... Westchester, NY , by offering no-cost* flu shots through the ... as mandated by certain health insurance regulations. ... The best time to get a flu shot is by the ...
Breaking Medicine Technology: