Genworth to drop AARP LTC product line

By National Underwriter

National Underwriter


By Allison Bell

Genworth Financial Inc. (NYSE:GNW) said it will stop selling AARP-branded long-term care insurance (LTCI) June 1.

Genworth has been writing the products through its Genworth Life Insurance Company and Genworth Life Insurance Company of New York units.

Genworth has been supplying AARP LTCI products since 2007.

Existing AARP LTCI coverage will not be affected by the change, and the company is committed to providing "exceptional services" to the AARP members who bought the policies, the company said.

- MORE (INCLUDING A REPORT ON GENWORTH'S EARNINGS) TO COME -

Originally published on LifeHealthPro.com