RICHMOND, Va., Feb. 26, 2015 /PRNewswire/ -- Following the
successful release of "Conversations That Matter: Maria Shriver and
Rob Lowe," Genworth Financial, Inc. (NYSE: GNW) today unveiled an
educational video, "Let's Talk Now," featuring acclaimed actors and
media personalities Angela Bassett, Jim Nantz, Maggie
Gyllenhaal, and Zachary Quinto in addition to Maria Shriver and Rob
Lowe.
Experience the interactive Multimedia News Release here:
http://www.multivu.com/players/English/7436251-genworth-letstalk-now-video-launch
The new video features some of America's most beloved and
recognizable faces as they educate men and women across the country
on the importance of long term care planning and the need to have
"the talk" now versus later.
- More than 90 percent of American adults don't have long term
care insurance1
- Ten thousand Baby Boomers will turn 65 every day between now
and 20302
- The Department of Health and Human Services projects the
population older than 85 will more than double by
20403
- On average, a year of long term care costs between $16,000 (adult day health care) and $87,000 (a private room in a nursing
home)4
Angela Bassett, Jim Nantz, Maggie
Gyllenhaal, Maria Shriver,
Rob Lowe, and Zachary Quinto bring these facts to life within
the video by highlighting their own caregiving stories to shed
light on how the need for long term care affects everyone, not only
those fortunate enough to live a long life, but also younger
generations that assume the often overwhelming responsibilities
associated with caregiving. In addition, Genworth is continuing its
partnership with MariaShriver.com as video host for "Let's Talk
Now."
"We are excited to collaborate with such a talented and
well-respected group of celebrities to remind families across the
country that it's never too early to talk about long term care
planning," says Tom McInerney,
Genworth's President and CEO. "Through this video, we hope that the
compelling words from Angela, Jim, Maggie, Maria, Rob and Zachary
will encourage Americans to take the initiative to have 'the talk'
and put a long term care plan in place."
"We all know aging is going to happen, but we don't know when or
how it will affect us," says Angela
Bassett. "As a caregiver to both my mother and my
mother-in-law, Genworth's mission is deeply important to me and I'm
proud to support the company in helping families plan for the
future."
"My father's experience with Alzheimer's taught me to think
ahead as well as motivated me to help educate Americans on the
financial, physical and emotional relief long term care planning
can bring to families," says Jim
Nantz. "Starting conversations about aging now can bring
peace of mind for you, and most importantly, for loved ones."
"Even though it's difficult for many people to think about
themselves or their parents getting older, these are still
important conversations to have," says Maggie Gyllenhaal. "We can't predict how we'll
age, but I'm pleased my voice will help raise awareness around how
people can prepare for it with long term care planning."
"Like most people, I was surprised to learn that Medicare, the
Affordable Care Act and most health insurance policies do not cover
long term care," says Zachary
Quinto. "I am happy to join forces with Genworth to show how
a short conversation with loved ones can ultimately go a long way
in helping them secure the lifestyles they have earned and
deserve."
To view the video, please visit Genworth's YouTube channel or
MariaShriver.com.
About Genworth
Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500
insurance holding company committed to helping families become more
financially secure, self-reliant and prepared for the future.
Genworth has leadership positions in long term care insurance and
mortgage insurance and competitive offerings in life insurance and
fixed annuities that assist consumers in solving their insurance,
retirement and home ownership needs.
Genworth operates through three divisions: U.S. Life Insurance,
which includes long term care insurance, life insurance and fixed
annuities; Global Mortgage Insurance, containing U.S. Mortgage
Insurance and International Mortgage Insurance segments; and the
Corporate and Other Division, which includes the International
Protection and Runoff segments. Products and services are offered
through financial intermediaries, advisors, independent
distributors and sales specialists. Genworth, headquartered in
Richmond, Virginia, traces its
roots back to 1871 and became a public company in 2004. For more
information, visit genworth.com. From time to time, Genworth
releases important information via postings on its corporate
website. Accordingly, investors and other interested parties are
encouraged to enroll to receive automatic email alerts and Really
Simple Syndication (RSS) feeds regarding new postings. Enrollment
information is found under the "Investors" section of genworth.com.
From time to time, Genworth's publicly traded subsidiaries,
Genworth MI Canada Inc. and Genworth Mortgage Insurance Australia
Limited, separately release financial and other information about
their operations. This information can be found at
http://genworth.ca and
http://www.genworth.com.au.
1 Long-Term Care: What Are the Issues, Robert Wood
Johnson Foundation, February, 2014
2 416.67 per hour. 6.94 per minute. See also:
http://www.thescanfoundation.org/sites/thescanfoundation.org/files/us_growing_demand_for_ltc_june_2012_fs.pdf
3 "The 85+ population is projected to triple from 5.7
million in 2011 to 14.1 million in 2040."
http://www.aoa.gov/Aging_Statistics/Profile/2012/docs/2012profile.pdf
See also: http://www.longtermcareinsurance.org/
4 According to Genworth's 2014 Cost of Care Survey
(https://www.genworth.com/dam/Americas/US/PDFs/Consumer/corporate/130568_032514_CostofCare_FINAL_nonsecure.pdf),
the median annual rate of adult day health care is $16,900 and the median annual cost of a private
room in a nursing home is $87,600.
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visit:http://www.prnewswire.com/news-releases/genworth-launches-star-studded-lets-talk-now-video-to-educate-america-on-the-need-for-long-term-care-planning-300041717.html
SOURCE Genworth Financial, Inc.