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The New Genworth 2008 Cost of Care Guide
Genworth conducts its benchmark Cost of Care survey to bring an in-depth look at the cost of care across the country, along with corresponding market trends. This helps both consumers and financial professionals prepare for the future by arming them with the knowledge required to make long-term care decisions. Click here for the Genworth's New 2008 Cost of Care Guide
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The minimum benefit levels for Partnership products have increased effective January 1, 2008:
NY: The Nursing Home Daily Benefit is $208; Community Based Daily Benefit is $104
CT: The Nursing Home Daily Benefit is $175; Community Based Daily Benefits is $87.50
CA: The Nursing Home Daily Benefit is $150; Residential Care and Assisted Living Facilities Daily Benefit is $105
IN: The Nursing Home Daily Benefit remains $110 but the Dollar Amount for Total Asset Protection has increased to $228,045
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New 2008 Tax Qualified LTC Federal Deductions click here for the 2008 Federal Tax Deductions for tax-qualified long term care insurance.
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2008 State Tax Incentives For LTCiclick here for the 2008 State Tax Incentives for tax-qualified long term care insurance.
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Many states have enacted mandatory training requirements to sell Long Term Care insurance. The following states training requirements are either currently in effect or will be very soon: FL, MD, MI, MN, OR, SD, RI. If you are licensed in any of these states and plan to sell Long Term Care insurance you must complete this training. Please contact our office for further details.
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