In the News

Title

Genworth debuts new annuity for long-term-care coverage

Document Type

Article

Publication Date

2-22-2016

Abstract

Genworth Financial, the largest provider of traditional long-term-care insurance in the U.S., on Monday debuted an annuity product that marks a new way the firm can deliver LTC coverage to consumers.The launch follows Genworth's announcement a few weeks ago regarding its plans to focus on its long-term-care business and suspend sales in some other insurance business lines.