Procrastination costly for long-term care insurance
Insure.com
September 05, 2010
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Boomers embrace retirement but avoid planning for LTC
The Rough Notes Company, Inc.
July 07, 2010
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Higher long-term care rates are problematic for S.D. baby boomers
The San Diego Source
April 30, 2010
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Survey: Seniors Say Becoming Family Burden Is Biggest Concern
Spectrum
April 27, 2010
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Put long-term care in your retirement plans
Chicago Tribune
April 22, 2010
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Talking About Long-Term Care
U.S. News and World Report
April 19, 2010
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Conversation starters, LTC-style
Life Insurance Selling
April 14, 2010
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Genworth: Few Financial Advisors Talk About LTC
National Underwriter
April 13, 2010
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Retirement doesn't mean time to relax (Part II)
Orange County Register
January 11, 2010
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Long-Term Care: A Silent Concern
Financial Planning
April 13, 2010
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Long-term Care Insurance not Talked about Enough
Plan Sponsor
April 12, 2010
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What Alarms Americans Most About Having a Long Term Care Illness?
PR Newswire
April 12, 2010
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More Media
Americanidolizing.com
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Salt Lake Tribune
San Diego Daily Transcript
Senior-Spectrum
The State Journal-Register
America Talks: Protecting Our Families’ Financial Futures
To better understand the attitudes, needs, and planning for retirement, Age Wave collaborated with Genworth Financial companies (Genworth) and Harris Interactive in 2010 to launch the America Talks: Protecting Our Families' Financial Futures study, which included as survey among 2,939 Americans spanning four generations: the Silent Generation (ages 65 to 85), the Baby Boomers (ages 46 to 64), Generation X (ages 34 to 45) and Generation Y (ages 23 to 33). The research sought to bring greater insight into why Americans avoid planning for the costs associated with living longer lives, and identified some important psychological barriers preventing them from talking about preparing for an unforeseen long term care event. Among the key findings:
- Uninsured medical expenses are the biggest financial worry in retirement.
- People now view the financial goal as “having financial peace of mind” (79%) rather than “accumulating as much wealth as possible” (21%)
- Over half (55%) said being a burden on their family would be their greatest worry in the event they could no longer care for themselves. Surprisingly, death was of the least concern, with only 10% of respondents citing this as a worry.
- The overwhelming majority (over 90%) have not discussed all three key long term care topics with their family, including their spouses, adult children and their parents. The topic include: long term care options you would most prefer, the roles and responsibilities of different family members for managing care and how you will pay for long term care
- Only 9% of respondents have discussed long term care with a financial professional
- Aside from cost, “confusion” is the biggest barrier to purchasing long term care insurance
To learn more, please visit www.genworth.com/lets-talk
Genworth is also introducing a user-friendly version of its online survey for consumers interested in getting a snapshot of how their own views about retirement compares to others, available at: http://americatalks.questionpro.com/
An interactive press release containing downloadable content, including video from the forum the full survey report is available at: http://multivu.prnewswire.com/mnr/genworthfinancial/43150/