Genworth Plans for Return to Long-Term Care Insurance Sales

[Northeast Agent]

Genworth Plans for Return to Long-Term Care Insurance Sales | ThinkAdvisor

What You Need to Know

• Genworth says it's already talking to potential LTCI business partners.
• The company still wants to work with China Oceanwide to develop long-term care solutions for China.
• The goal would be for the new products to have lower and more predictable risk.

 

[Mac Dawg LTCi]

It will be interesting to see if their UW is stricter than MoO and NGL or ? It might be hard for them to be a minor player in the LTCi field. Maybe they will introduce a Hybrid plan. Looking forward to seeing.

 

[kpbdy99]

They're sitting at a "B" with AM Best. I won't write them until they can earn back their "A."

 

[Mac Dawg LTCi]

I agree. I still have hard feelings towards them. After raising premiums on policyholders a couple of times, up to 100% +. They are now bragging about their new earnings and how strong they are...on the backs of their policy holders. Some are in their 80s now. They used to be the very best, I wonder now.