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Genworth expands LTCI product reach

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In states with Long Term Care Partnership Programs, LTCI policyholders are able to protect more of their assets under states’ Medicaid spend-down requirement. It’s an advantage to consumers and a boon to LTCI specialists in states with such programs. Genworth Financial announced recently that its partnership products are now available in three additional states.

“As sales in existing Partnership states have outpaced the rest of the country over the past five years, a strong opportunity exists for distributors that market in Ohio, Kansas and Nebraska to grow their long term care insurance business while providing clients with additional asset protection benefits,” says Beth Ludden, senior vice president for LTCI product development at Genworth.

In addition, the company launched a Web site where advisors can get information about state-specific Partnership and NAIC training requirements.

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