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“Admitting my husband to the nursing home was one of the hardest things I’ve ever had to do, but after time his Alzheimer’s Disease had progressed to the point where it was finally the only viable option. It is such an enormous relief to know that for the next three years I won’t have to worry where the money’s going to come from to pay for my husband’s care.” Thelma H..
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Genworth Long Term Care Insurance
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Number of Covered Lives
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A.M. Best Rating
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Direct Premiums Earned
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LTCi Market Entry
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1,072,111
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A
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$18.0B
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1974
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Company Overview
Genworth Financial’s heritage goes back to 1871 when The Life Insurance Company of Virginia wrote its first policy. For more than 135 years, they’ve built an extensive family of financially solid, well-respected insurance companies and distribution partnerships around the globe. They are a publicly traded company with more than $114 billion in assets and a presence in more than 25 countries around the world. Genworth Financial is a component of Standard & Poor’s 500 Index of Leading U.S. companies and are ranked in the Fortune 500.
Genworth Long Term Care Insurance
The Genworth Long Term Care Insurance Division was a pioneer of long term care insurance in 1974 and ever since, it has been an industry leader. Genworth strives to have a simple claims process and has received very strong ratings for their claims paying ability. Since 1974, Genworth has paid $4.7 billion in claims on home and community care and facility care for claimants ranging in age from 37 to 105 years of age.
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Policies underwritten by Genworth Life Insurance Company and in New York, Genworth Life Insurance Company of New York.
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