Federal estimates suggest 70% of people ages 65 and older will need long-term care before they die, but only 3% to 4% of Americans age 50 and older are paying for long-term care policies, according to insurance industry figures.
Genworth Financial, Inc. (NYSE:GNW – Get Free Report) CEO Thomas J. Mcinerney sold 200,000 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $6.27, for a total transaction of $1,254,000.00. Following the sale, the chief executive officer now directly owns 4,361,980 shares of […]
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