Survey Reveals Long Term Care Key Issue for Voters in Presidentia... ( LTC of Critical Concern for Baby Bo...)

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 fo
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