Genworth

[pcrump]

I received a letter from Genworth Long term insurance over a class action settlement. They have 5 options to choose from or leave it alone. Some options have cash back, no premium but lowers total life benefit . If you don’t take they say premium going up.. should I leave it alone.

 

[Tahoe Ray]

I received a letter from Genworth Long term insurance over a class action settlement. They have 5 options to choose from or leave it alone. Some options have cash back, no premium but lowers total life benefit . If you don’t take they say premium going up.. should I leave it alone.

Get a new quote (from a carrier like Mutual of Omaha or National Guardian) and see what your same coverage would cost today.

More than likely, you'll want to leave it alone but at least you'll know what the going rate is on your coverage.

 

[ltcadviser]

I received a letter from Genworth Long term insurance over a class action settlement. They have 5 options to choose from or leave it alone. Some options have cash back, no premium but lowers total life benefit . If you don’t take they say premium going up.. should I leave it alone.

Pay the increase, don’t change your benefits.

 

[Lewis_FL]

wasn't this lawsuit settled last year???

 

[marindependent]

as usual @Tahoe Ray has the best advice!