RICHMOND, Va., Jan. 14 /PRNewswire-FirstCall/ -- Genworth Financial's Long
Term Care (LTC) Insurance business today announced a strategic marketing
relationship with the National LTC Network to sell Genworth's long term care
products and services.
As part of this relationship, the National LTC Network will offer
Genworth's long term care insurance products to both individuals and
businesses. This will help expand Genworth's distribution of its long term
care insurance products. As the industry leader in individual long term care
insurance sales*, Genworth's brand recognition will help the National LTC
Network in its efforts to expand both its carrier network and product
portfolio. As a member of the National LTC Network, Genworth will support the
Network's efforts to increase the quality of long term care education for
consumers and agents.
The National LTC Network is a coalition of 25 long term care insurance
distributors. According to National LTC Network data, combined long term care
insurance sales of all Network members reached nearly $60 million last year.
"The Network was founded 14 years ago and is the country's oldest and
largest organization of its kind specifically focusing on long term care
insurance," said Louis Brownstone, chairman of the board of the National LTC
Network. "Genworth is a proven leader in our industry and is known for its
commitment to long term care insurance and its policy owners. We are excited
about this marketing alliance with Genworth."
"These tight economic times bring an incredible opportunity for people to
strengthen their economic security in retirement with long term care
insurance," stated Bob Eckhart, Genworth's vice president of Long Term Care
Sales. "Adding the National LTC Network to our list of distributors will help
bring this message and Genworth's solution to thousands of additional
households and business owners."
* - According to LIMRA 1Q 2008 Sales
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 global
financial security company. Genworth has more than $100 billion in assets and
employs approximately 6,000 people with a presence in more than 25 countries.
Its products and services help meet the investment, protection, retirement and
lifestyle needs of more than 15 million customers. Genworth operates through
four segments: Retirement & Protection, US Mortgage Insurance, International
and Investments. Its products and services are offered through financial
intermediaries, advisors, independent distributors and sales specialists.
Genworth Financial, which traces its roots back to 1871, became a public
company in 2004 and is headquartered in Richmond, Virginia. For more
information, visit Genworth.com.
SOURCE Genworth Financial, Inc.
CONTACT: Yokima Cureton of Genworth Financial, +1-804-662-2598
Web Site: http://www.genworth.com