Arthur Rudnick
Guru
- 1,652
Just curious............
A number of you talk very highly about Mass Mutual. Jack in particular points out their financial ratings and the fact that they have never had a rate increase on existing policyholders. Obviously, 2 very strong points.
I have no dog in this fight, but I recently re-looked at the 2014 Annual LTC Insurance Survey and I notice that new premium for MM's LTCi decreased a whopping 54% in 2013 compared to 2012.
Any idea why that might be?
Interestingly, carriers are listed alphabetically and the one next to MM is MedAmerica. In 2013, MedAmerica's new business increased 66%.
MM's new premium in 2013 was $13.4 million and MedAmerica's was $16.7 million.
Of the 10 participating insurers in the survey, MedAmerica was #6 in new business and Mass Mutual was #8.
Incidentally, new business for Genworth in 2013 fell 39% compared with 2012.
Who woulda thunk?
A number of you talk very highly about Mass Mutual. Jack in particular points out their financial ratings and the fact that they have never had a rate increase on existing policyholders. Obviously, 2 very strong points.
I have no dog in this fight, but I recently re-looked at the 2014 Annual LTC Insurance Survey and I notice that new premium for MM's LTCi decreased a whopping 54% in 2013 compared to 2012.
Any idea why that might be?
Interestingly, carriers are listed alphabetically and the one next to MM is MedAmerica. In 2013, MedAmerica's new business increased 66%.
MM's new premium in 2013 was $13.4 million and MedAmerica's was $16.7 million.
Of the 10 participating insurers in the survey, MedAmerica was #6 in new business and Mass Mutual was #8.
Incidentally, new business for Genworth in 2013 fell 39% compared with 2012.
Who woulda thunk?