Genworth LTC Insurance California Rates
Last updated: January 30, 2018 at 11:26 am
California’s Lowest Long Term Care Rates
Genworth has now announced the official closing date of September 14, 2015 and the window of opportunity for obtaining a Genworth “Flex” Long Term Care Policy is fast approaching. On this date Genworth will stop offering its “Flex” long term care insurance policy to new applicants in California!
Genworth Financial, a Fortune 500 Company and the largest provider of long term care insurance (LTCI) nationally, has announced their existing California long term care insurance policy will be closing. Now that the Department of Insurance has approved the Genworth request for rate and benefit adjustments, the new product will be released. The cost of the new products will be higher and the benefit options modified.
Here is an “apples to apples” annual premium comparison of their current policy:*
Annual Premiums |
|
| Genworth Privileged Choice Flex (closes September 14th) |
$1,519.49 |
| John Hancock Custom Care III |
$2,828.00 |
| Mutual of Omaha MutualCare Secure Solution |
$2,917.34 |
| Transamerica TransCare III |
$3,180.92 |
The current Genworth long term care insurance California plan is the most competitively priced. When Genworth introduces their new “Flex III” LTCI policy, the premiums will catch up to the other companies.
The message is obvious – waiting to act is going to assure that a plan will be more expensive. If you have been considering getting a long term care plan, you should apply now. If you apply now, you can benefit by acquiring the lowest cost LTC plan available in the State of California.
If you think you want long term care protection, now is the time to apply. Contact us today by calling or using the form on this page!