Long Term Care Insurance

Long Term Care insurance helps people live as independently and safely as possible when they can no longer perform everyday activities on their own (e.g. walking, eating, bathing). This type of insurance may provides protection for families from some of the the financial and emotional burdens of the rising costs of long-term care. Coverage for care in non-institutional settings, such as assisted living, adult day care, and in-home care, is also available.

What is Long Term Care Insurance

You could need long term care because of an accident, illness, cognitive impairment or simply due to aging. Unless you have experienced the financial and emotional impact of long-term care services, you may not be aware of the need or the cost of such services. Costs for facility care or a home health aide can be significant. Long Term Care Insurance can help.

Long term care insurance provides a “safety net” to help you afford long term care if you experience the need for care.  With this insurance coverage, you decide the level of long term care coverage you wish to purchase.

The coverage includes a monthly maximum benefit and a lifetime maximum benefit. The cost of this coverage depends on the coverage level you choose and your age when you apply.

Eligibility

Long-Term Care Insurance is available to the following population:

  • Benefit-eligible employees under the age of 66.
  • Family members of eligible employees between the ages of 18 and 75.
    • Eligible family members include spouses, adult children, parents or in-laws, grandparents and siblings. 

Applicants must be U.S. citizens or permanent resident aliens, have a valid social security number or tax identification number, and provide a U.S. mailing address.

Premiums

Premiums are determined by age, gender and health at the time of your enrollment. Premiums payments may be sent to Genworth Life directly by the participant via their chosen payment mode/method; semi-annual, annual, or monthly (EFT) from your checking or savings account. 

Enrollment

Enrollment is subeject to medical underwriting. Some illnesses or pre-existing conditions may make you ineligible for coverage. To learn more about long term care insurance, or to get a quote or complete your enroll online, please go to:

Genworth LTC Enrollment Site

Genworth Life Customer Service 

(800) 416-3624