CareScout, a subsidiary of Genworth Financial, Inc., has introduced CareScout Care Assurance, its inaugural long-term care (LTC) insurance product designed to provide financial protection and integrated support services for individuals navigating the aging journey. The launch marks a significant step for CareScout, aligning with its mission to simplify and dignify the aging experience. Lynn White, CEO of CareScout Insurance Company, stated, “The launch of CareScout Care Assurance is more than the introduction of a product, it’s the beginning of a new chapter for CareScout, as we provide curated experiences for our long-term care insurance policyholders based on their needs and preferences.” She added that this initial insurance solution underscores the company’s commitment to enabling a personalized and thoughtful aging journey. CareScout Care Assurance combines financial coverage for long-term care expenses with access to an ecosystem of services and resources. This includes the CareScout Quality Network, a nationwide collection of aging care providers vetted for quality standards who also offer preferred pricing. By integrating coverage with individualized service offerings like wellness programs and access to trusted care providers, CareScout aims to create a holistic approach to long-term care. The solution offers flexible coverage options. Individuals aged 40-65 are eligible, with total LTC benefit options ranging from $50,000 to $250,000 and daily benefit maximums from $50 to $200, subject to state minimums. Policyholders can also choose compound inflation protection options of 1%, 3%, or 5%. The product features family-friendly pricing, including couples’ rates and reduced rates for healthier applicants. White further explained, “With CareScout Care Assurance, individuals can choose the level of protection they prefer, access helpful resources as they age, and leverage a trusted network of providers when care is needed.” She emphasized that the product was designed for simplicity and flexibility to support policyholders and their families. The application and delivery process for CareScout Care Assurance is fully digital, benefiting both customers and financial professionals. Additionally, policyholders gain access to caregiver support resources, customer service, and planning tools available across the broader CareScout platform. This launch also establishes a foundation for CareScout’s future offerings. Upcoming products are expected to further expand the company’s integrated ecosystem, aiming to provide families with more comprehensive solutions for planning, finding, and funding care with increased confidence and transparency. CareScout, a wholly owned subsidiary of Genworth Financial, Inc., focuses on helping older adults and their families navigate the aging journey, locate, and fund quality care.