In an effort to get more people interested in purchasing long term care insurance, AARP has formed a relationship with Genworth Financial. The partnership is aimed at developing long term care solutions that meet the needs and demands of AARP’s members.
AARP also renewed its relationship with MetLife.
The new products are scheduled for an October 2007 release and will include AARP-endorsed long term care coverage with flexible features and benefits. Some of the products will carry five-year rate guarantees, 60-day opt-out clauses and inflation protection.