Genworth Enacts New Underwriting Guidelines for Type 2 Diabetics
Genworth, the nation’s largest provider of long term care insurance, issued a press release today announcing a change in underwriting guidelines for their long term care insurance policy Privileged Choice Flex 2. The change affects applicants with non-insulin dependent, Type 2 Diabetes.
Underwriting Category Eligibility
According to the press release, all applicants with non-insulin dependent, Type 2 Diabetes will no longer be eligible for the “Select” underwriting category. They will now only be eligible for the “Standard” underwriting category and applicable quotes will apply for these policies. The change in underwriting guidelines only impacts applicants for Privileged Choice Flex 2 and will[…]
Lincoln Financial Updates Hybrid Life + LTCI Product MoneyGuard Reserve Plus
Lincoln Financial announced changes this week to MoneyGuard Reserve Plus, their hybrid Life + Long Term Care Insurance product.
Changes Meant to Sustain LTCI
The recent adjustments are to the Enhanced Surrender Value Endorsement (ESVE) and will not affect the core benefits of the policy. The changes will go into effect on August 16, 2013 and will affect policies in all applicable states except New York.
In the official press release, the company described the purpose of the the changes in their press release as one to “ensure the strength and sustainability of its long-term care solution through all market environments”.
The adjustments to the policy[…]
CalPERS Sued Over Long Term Care Insurance Rate Increases
A lawsuit was brought against CalPERS, the California Public Employees’ Retirement System, on Tuesday over the agency’s recent Long Term Care Insurance rate increases.
Retirees Bring Class Action
The class action suit against CalPERS was filed in Los Angeles Superior Court on behalf of more than 100,000 California residents. The lawsuit claims the government agency deliberately deceived consumers who purchased Long Term Care Insurance policies by assuring the premium rates would remain “reasonably priced”.
CalPERS began selling Long Term Care Insurance policies in 1995. Last fall, premium rate increases of 85% were approved for implementation in 2015. CalPERS attributed the need for rate[…]
The High Risk of High Stress
The recent death of James Gandolfini brought with it some debate about heart health. Considering the American Heart Association acknowledges that 60% of heart attacks are caused by simple lifestyle choices, the debate is well deserved.
Lifestyle Impact 
The actor, best known for his role as Tony Soprano in HBO hit series The Sopranos, suffered a heart attack and died while on vacation in Italy last month. A beloved man onscreen and off, Gandolfini’s sudden death drew concern, spurring people to speculate about the cause of his heart failure.[…]
National Alzheimer’s Plan Updated to Include Assisted Living in Long Term Care
The Department of Health and Human Services recently made adjustments to the National Plan to Address Alzheimer’s Disease. These adjustments are part of an effort to understand the importance of caregiving for Alzheimer’s and dementia patients within assisted living facilities and similar care settings.
Patients in Assisted Living Facilities 
In the initial text of the plan, assisted living facilities were not included in the list of care settings. The recent update addresses this type of facility as a separate long term care setting and details a new[…]
Is It True Vegetarians Live Longer?
According to a new study published in JAMA Internal Medicine, vegetarians live longer lives than meat eaters. But is it really because they don’t eat meat?
Expansive, Long Term Study
Numerous studies have shown links between a vegetarian diet and a healthier, longer life. However, the correlations have been weak and there has been much skepticism about the claims.
Researchers from Loma Linda University in California dug a little deeper to see if this correlation was in fact accurate. Their study followed the dietary patterns of nearly 75,000 Seventh-day Adventists, both men and women, for a period of about 6 years in an[…]
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