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Genworth rolls out new Long Term Care Insurance product

Genworth Financial which was a former spin off of the Great America company General Electric (GE) rolled out their next generation of their company’s flag ship product, Genworth Long Term Care Insurance, yesterday to much industry anticipation. Genworth Long Term Care Insurance is the pioneer of the Long Term Care Industry which began in 1974. There had been talk that Genworth Long Term Care Insurance division was going to be eliminated or sold off but it seems they are doubking down on their Genworth Long Term Care Insurance array of products.

The new Genworth Long Term Care Insurance product that was launched on July 21, 2015 or 07/21/2015 will be about 10% less thatn the previous generation of products. The new product is called Genworth Long Term Care Insurance Privileged Choice Enhanced. When have you ever seen an insurance company lower rates?? This is exactly what GNW did, lower prices. How did they do this?

A company called Compare Long Term Care Insurance ( did a study on the new pricing and estimated they were able to achive the lower price because they now filter out gender from their risk assessment. They use to charge men and women the same price for the same benefits if they were the same age, but now single women pay about 50% more as that demographic is the highest risk to the company. We’ll keep our eye on any more changes to Genworth long term care insurance products and report back.

At Shop Confederacy we aim to track Great America companies like Genworth and study how they grow and prosper. This Genworth Long Term Care Insurance product really appeals to our American roots in that it’s the ultimate in self-reliance. America was founded on people taking responsible for they own fait and NOT depending on the government to bail them out. Receiving Long Term Care in a nursing home can be expensive and pushing that cost onto your fellow neighbor and tax payer is anti-American.

Buy “Made in the USA”!


If we do a very general survey and ask every other passer by whether or not they would prefer items that are made in the USA, then odds are that 10 out of 10 people will readily agree to the fact. They will nod their head and prefer products made in the USA. However, when it boils down to the statistics of people actually buying these products, there is another story altogether.

Most of these people do not want to put their money where their mouth is. If they are given an option wherein they get an opportunity to save some money by buying goods that look as though they are made in the USA but in reality are actually manufactured in China, we will find that 9 out of the 10 people will happily go in for the Chinese products. Out of the window flies the craze for products made in the USA. At the end it all boils down to how much they can save.

This is one of the primary reasons for the Chinese goods market thriving and growing by leaps and bounds across the different countries of the world.

However, if one could rethink on this decision, one most definitely should. There are more than one reasons as to why one should go in for the original products made in the USA even if they have to pay a premium for it, rather than going in for the Chinese counterfeits.

Let us look at a few such reasons.

1) The quality of the products actually made in the USA are far more superior to the ones made in China. They look better, feel better and last much longer. If you are looking at products like cosmetics, original ones made in USA will ensure that no harm or side effects is caused to your hair or skin. Similarly, if you are looking at electronics, you can rest assured that the original ones manufactured in USA will not malfunction and put you in danger.

2) Today most of the countries where manual labour is rampant, do not follow any policies of minimum wages. Even if they do, the minimum wages that they pay are unbelievably on the lower side. However, USA has a strict minimum wage policy. Hence when you choose to purchase items that are made in the USA, you do your bit by ensuring that justified wages are paid to the person who has put his/her effort into making that product at some stage or the other.

3) USA has a very strict policy about controlling environmental pollution. This is another reason why the products manufactured there are charged at a premium. They follow stringent methods of waste disposal to ensure that the pollution levels are kept to a minimum. When you purchase products that are made in the USA, then you can rest assured that you are not adding too much to the already polluted environment.