Genworth Suspends CA Long Term Care Insurance Offerings

“Current industry dynamics have caused many long term care insurance carriers to confront difficult decisions. Even in the face of sustained low interest rates, as well as other challenges facing the long term care insurance market, Genworth Life Insurance Company (Genworth) has remained true to our objective of ensuring that we offer products that are priced to balance consumer needs with our desire to achieve long-term profitability.”

“We continuously monitor, examine and manage our business to achieve this objective. As a result of this analysis, effective March 21, 2013, Genworth will suspend sales of our individual LTC products in California.”

About Partnership for Long Term Care

Promoting the idea of preventing long term care from financially devastating families by insuring for long term care with state Partnership qualified policies.
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