Strategic Alliance With Nation's Leading Financial Planning and Elder Care Expert, Harley Gordon, Includes Agent Workshops In 17 U.S. Cities
RICHMOND, Va., Oct. 18 /PRNewswire-FirstCall/ -- Genworth Financial's
(NYSE: GNW - ) Long Term Care Insurance business, the leading provider of long
term care insurance for 30 years, has entered into a strategic alliance for
long term care education and training with Harley Gordon and the Corporation
for Long Term Care Certification.
Gordon is a nationally recognized elder care attorney and authority on
long term care issues. He is also a principal in the Corporation for Long
Term Care Certification, which created the "Certified in Long-Term Care"
(CLTC) designation. This important designation is endorsed and marketed by
several national organizations, including the National Association of
Insurance and Financial Advisors - Association of Health Insurance Advisors
(NAIFA-AHIA), and the College for Financial Planning.
As part of the agreement, Gordon will provide ongoing education and
training to Genworth and its distribution partners. Genworth has recently
expanded its LTC insurance sales team of wholesalers, retail point of sale
specialists and internal sales staff to over 140 professionals -- all of whom
have recently completed the CLTC program. Genworth's distribution
relationships include independent BGA/MGAs, national marketing groups, wire
houses, financial planning firms, banks and other strategic accounts.
Today's announcement represents just one in a number of steps Genworth
Financial will take in the months ahead to expand its leadership position in
long term care education, and bring greater awareness to consumers, producers
and public policymakers.
"We are very excited to have Harley Gordon join us in our commitment to
accelerate education about prudent retirement and long term care planning,"
said Buck Stinson, president of Genworth Financial's Long Term Care business.
"Americans are living longer than ever before and face tougher challenges in
protecting their hard-earned assets and preserving choice and flexibility when
it comes to long term care needs," added Stinson.
As part of the strategic alliance with Genworth Financial, Gordon will be
conducting an aggressive schedule of educational workshops on long-term care
planning and long term care insurance for Genworth Financial distribution
partners across the country, including upcoming meetings in Atlanta,
Washington, Orlando, Cleveland, Philadelphia, New Orleans and 11 other cities
in just the fourth quarter alone. More than 50 educational "roadshows" led by
Gordon are planned in 2005.
Speaking to a large group of California brokers at a recent Genworth
Financial meeting Gordon said, "It's time to realize that living a long life
is a near certainty. Planning for it is now a necessity." Gordon further
advised the group that long term care insurance is central to a well thought
out retirement plan. "Long term care insurance is a plan for the protection of
the family. It never replaces what families do -- but it can allow the
caregivers to provide the care better and longer."
About Genworth Financial
Genworth Financial is a leading public insurance holding company, serving
the lifestyle protection, retirement income, investment and mortgage insurance
needs of more than 15 million customers in 20 countries, including the U.S.,
Canada, Australia, the U.K. and more than a dozen European countries. Long
term care insurance is underwritten by General Electric Capital Assurance
Company, and in New York, by GE Capital Life Assurance Company of New York.
For more information, visit http://www.genworth.com.
About The CLTC (Certified in Long Term Care) Program
The CLTC program is recognized as the leading LTC training designation
program in the nation, with over 8,000 graduates. For more information, visit
Media: Neal McGarity 203-708-3460; Neal.McGarity@genworth.com