Genworth Launches Element - A New Long Term Care Soultion

News Image 06-27-2016

On June 27, Genworth launched Element, a long term care solution based on their flagship Privileged Choice Flex 3 product. Element features four preset packages. There are just two decisions to make: determine which level of protection your clients want and for couples, the optional Shared Coverage benefit can be selected.

Element packages offer move affordable coverage options by focusing on smaller yet meaningful coverage amounts with benefits that are optimized for home care. Each of the four package options include:

~ 2% Compound Inflation Protection
~Informal Care
~Waiver of Premium
~Increase Coverage Option
~Refund of Premium Upon Death Up to Age 65
~1st Day Home Care
~90 Service Day Elimination Period for Facility Care

For state variations, see the State Difference Matrix in the related resources.



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