Va. insurer gets Kansas state workers’ long-term care insurance deal
Genworth Life Insurance Co., part of Richmond, Va.-based Genworth Financial, will provide insurance for the Kansas State Employee Health Benefits Plan long-term care insurance program.
The program will be available to more than 49,000 employees, retirees and their families. Terms of the deal were not disclosed.
“Two-thirds of people over age 65 will need long term care in their lifetimes, but most Americans have not proactively planned for this possibility,” said Buck Stinson, president of U.S. Insurance Products at Genworth, in a statement.
The program will be available to employees, retirees and their eligible family members starting this month, officials said.
“This new relationship will provide us with the opportunity to educate State of Kansas employees, retirees, and their families about long term care and the benefits of proactive planning for this type of care,” said Stinson. “It will help them decide to what extent long term care insurance should be part of their retirement plan.”
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