Charlie456
Expert
- 88
I hear that since Genworth launched it's FLEX 3 sales ceased and they've decided to go back to a FLEX 2 type of product and pricing as quickly as possible.
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I hear that since Genworth launched it's FLEX 3 sales ceased and they've decided to go back to a FLEX 2 type of product and pricing as quickly as possible.
sounds like they want to stay #1 in sales.
do you think that is odd?
Of course I don't think it's odd that they want to sell some policies, and I'm glad they are looking to get serious about being the leader agian, but I'm surprised at their solution of going backwards. Especially since they felt so strongly about the need to change the policy and pricing so drastically in the first place. Just trying to wrap my head around it.
it's probably the first time we've seen a carrier admit a mistake.
I hear that since Genworth launched it's FLEX 3 sales ceased and they've decided to go back to a FLEX 2 type of product and pricing as quickly as possible.
Genworth got smoked today. It is about time they get out of LTC. It doesn't benefit the shareholders when the company has no clear cut method to assess risk, manage risk, and price risk for new LTC business. If there was a clear cut method to manage and price risk, Genworth wouldn't be dependent on raising premiums in the future. Genworth's whole strategy is a prayer for raising rates to existing policy holders. That is wrong, and not reliable (regulatory risk). The shareholders want more. It is time for Genworth to get out of LTC, for the sake of the shareholders.