Genworth's New LTC Product

carrier-genworthEffective July 21, 2014, Genworth will be launching its Privileged Choice Flex 3 long term care product. The maximum daily benefit amount changes from $400 to $300; the maximum monthly benefit changes from $12,000 to $9,000; a 2% compound inflation protection option is added; all home care services require an Agency service provider; and refund of premium rider is no longer available. Genworth will no longer allow clients to purchase multiple individual LTC policies.