Broadly-defined, LTC (long term care) is service provided by another party for those who are unable to take care of themselves. Such care can be provided in the community, at home, and in an assisted living facility or nursing home.

Long term care needs can occur suddenly or over time as a person's health declines. Some of the reasons for the need are: disability, chronic disease, prolonged illness, accidental injuries, or cognitive deterioration as from Alzheimer's Disease.

In terms of who pays for long term care, most often the responsibility falls on the person or families who receive the services. Genworth long term care insurance reviews clearly indicate that Medicare and Medicaid coverage are limited in what they actually pay.

Medicaid will only pay for long term care after personal assets are used up, and Medicare covers some nursing home care, but only for a limited time. Also, most major medical insurance plans don't offer coverage for long term care.

That's why so many US citizens have begun to learn about long term care insurance.

Long term care insurance helps pay for services and products that are needed for a person who is no longer able to care for themselves. Genworth long term care insurance reviews show that these services are provided by health care professionals or personal care providers.

If you have a loved one who may soon have need of LTCI (long term care insurance), there are a number of insurance companies to which you can look for coverage. Genworth Financial is one of the largest and most highly respected carriers in the LTCI industry today.

Formerly a part of General Electric known as GE Financial, Genworth went public in 2004. The company sells long term care and life insurance as well as other life annuity products and policies.

Most Genworth long term care insurance reviews are of a positive nature despite the fact that their rates rose by about 10% in September of 2007. Even with the hike, the company is considered a premier life insurance company and its LTC plans are held in high regard.

Boasting independent agents and representatives nationwide, Genworth remains a prestigious insurance company that appears to care about its clients. They have proven their commitment by focusing on keeping their rates stable and paying claims in a timely manner.

As Genworth long term care insurance reviews demonstrate, it's a safe choice for anyone interested in buying long term care insurance.