Insurer raises price tag for women's long-term-care policies

02/21/2013 | AdvisorOne

Genworth says it will charge higher rates for women for long-term-care insurance. The industry leader is likely to lead other insurers to do likewise, says Michael Kitces, a financial blogger. "[T]he new cost structure may be an industry standard by the end of the year," Kitces wrote in a blog post. Genworth says its gender-based pricing reflects its claims experience and is meant to help stabilize pricing.

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