Genworth Financial Suspends MultiLife Long Term Care Insurance
Last updated: March 9, 2017 at 19:07 pm
Genworth Financial Long Term Care Insurance
Genworth Financial has announced plans to stop selling long term care insurance offered under their Multi-Life and Long Term Care Business Solutions Programs. According to the announcement from Genworth no new applications will be accepted after April 15th.
Genworth Financial, with long term care insurance underwritten by Genworth Life Insurance Company, does remain committed to providing individual long term care insurance solutions and long term care insurance products for the large employer group market. The multi-life program was more of a niche product that Genworth Financial has decided not to continue with at this time.