Dear John: Why extended care premiums are soaring

John Crudele
Sat, 06 Feb 2016 21:30:44 -0500

Dear John: In 2011, I took out long-term care insurance with Genworth Financial. My yearly premiums were $4,466. This month I received notice from Genworth that it was raising my premiums by 60 percent, to more than $7,500. I am still relatively young, 61, and am not sure how I can be expected to pay...