Filed Under:Health Insurance, Ltci

Genworth to suspend California LTCI sales March 21

A new Privileged Choice Flex product is set to go on sale in 31 states April 1. (U.S. Census image)
A new Privileged Choice Flex product is set to go on sale in 31 states April 1. (U.S. Census image)

Genworth Financial Inc. (NYSE:GNW) will temporarily suspend individual long-term care insurance (LTCI) policy sales in a major market, California, starting March 21, the company said today.

The individual LTCI products Genworth has been selling in California, the California Choice and Choice Partnership products, accounted for 12 percent of Genworth's 2012 LTCI sales, the company said.

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Nichole Morford

Nichole Morford
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