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0 -0.000807102502017739 0.000807102502017739 0.000322841000807067 0.000807102502017739 -0.000807102502017739 0.00161420500403548 0.00161420500403548
Stock impact report

Long-term care insurance prices are down: Here's why you should buy now [CBS News]

Genworth Financial Inc (GNW) 
Last genworth financial inc earnings: 10/29 05:10 pm Check Earnings Report
US:NYSE Investor Relations: genworth.com/corporate/investors.html
Company Research Source: CBS News
But that appears to have been the case for long-term care insurance premiums last year. According to the American Association for Long-Term Care Insurance , in 2023, the average 55-year-old man in superior health paid about $900 annually for $165,000 in level long-term care benefits. That's a decrease of about $50 annually compared to the $950 average annual price in 2022. And, had that same 55-year-old man added inflation protection to a policy that increased its value by 3% per year, he would have paid an average of $2,100 for the annual premium — down from $2,200 the year prior. So, with the recent decline in long-term care insurance prices , now may be the perfect time to purchase a policy . Here's why. Find out how affordable long-term care insurance can be now Long-term care insurance prices are down: Here's why you should buy now There are a few reasons it makes sense to buy long-term care insurance now that prices have declined, including: It may be difficult to find Show less Read more
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