Broker Check

LTC Insurance Sales Remain Steady A Year After Genworth Settlement

March 20, 2024

Back in March 2023, Genworth, the nation’s biggest provider of long-term care (LTC) insurance, in terms of the number of policyholders, agreed to settle a class-action lawsuit over premium increases. 

Read more in this article from Financial Advisor

Aaron is quoted in this piece:

“My LTC policy sales are steady,” said Aaron Schindler, president of Care Concierge New York, a provider of LTC services in and around New York City. Most carriers don’t allow policyholders to alter their basic coverage in reaction to rate increases, he said, but they might offer the option of removing an expensive inflation-adjustment rider, which would effectively freeze the benefit potential at current levels. That’s one of the easiest ways that clients can cut costs.”