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Comparing Genworth Financial Long-Term Care

There are differences between the policy language and benefits between companies that offer Long-Term Care Insurance although the major benefit options are similar. However key differences do exist. It is important to know and understand the differences between Genworth and the other major companies.

Genworth’s roots go back to the 1970s when the Firemen’s Fund issued the first nursing home policy. It later would become American Express, GE Capital and then Genworth. Genworth acquired the business of numerous other companies over the years. This gives them a substantial amount of experience. However, many of the old “legacy” products have had premium increases. These older policies were marketed and priced prior to rate stabilization rules and the interest rate crash.

Genworth Financial is one of the few major companies which will provide benefits for informal caregivers (could be friends, neighbors, family members). The Genworth claims department is the world class of the industry with more experience than any other insurance company in long-term care.

Features available with Genworth Financial Long-Term Care include:

  • Partnership
  • Shared Care Benefit
  • Return of Premium
  • Daily or Monthly Benefits from $1500 a month to $9000 a month
  • Informal Care Benefit
  • Multiple inflation options including 2%, 3%, 4%, 5% compound, 5% simple and Future Purchase Option
  • Multiple elimination periods from 30 days to 365 days
  • Return of premium due to death prior to age 65

Genworth Financial Inc. is now much closer to becoming part of China Oceanwide Holdings Group Co. Ltd. awaiting final regulatory approval.

Genworth does offer long-term care partnership policies. Learn more about the federal/state partnership program here:

There are significant premium differences between companies for the exact same benefits. Premiums are based on the amount of benefits you wish to have along with your AGE, HEALTH and specific discounts you might qualify for.

Underwriting criteria – which health conditions you have today that might be insurable will vary between companies. Matt McCann understands the underwriting guidelines for Genworth and all the major companies in order to match you with the best and most affordable option.

Discover the differences and compare. Matt, with his years of experience (since 1998) will help you determine if coverage is suitable for you if your health qualifies for coverage and then recommend appropriate benefits and options.

Features, benefits and additional options can vary from company to company. Some options like shared care benefits are options Matt McCann recommends often and other options might not be in your best interest. Premium differences exist between this plan and others. This is why you should seek the assistance of a qualified Long-Term Care Specialist to compare features, benefits, and costs.

As a nationally recognized Long-Term Care specialist, Matt McCann works with all the major companies in the industry and can compare features and benefits as well as the costs between the plans. Plus, his claims assistance can help you design an appropriate plan which fits your needs and budget.


Long-Term Care Insurance is custom designed specific to you. Matt’s general philosophy is to design an affordable plan with the best company available (based on your current age and health) so you can take a catastrophic situation and make it manageable. The idea: Safeguard your retirement funds (401(k) IRA 403(b) while reducing the tremendous burdens that are placed on your family when you have an aging or health issue and need extended care.

State variations may apply.

Long-Term Care Insurance is Easy and Affordable Asset Protection. Most people are surprised how affordable a plan can be especially if you obtain coverage before you retire when you are in good health.