Lapses Don't Happen

[VolAgent]

Interesting article about Genworth. Basically it seems everyone just pays the higher premium with a few taking lower benefits to keep the same premium and only 1% lapsing.

Genworth conducting 'deep review' of LTCI business | LifeHealthPro

 

[ltcadviser]

Interesting article about Genworth. Basically it seems everyone just pays the higher premium with a few taking lower benefits to keep the same premium and only 1% lapsing.

Genworth conducting 'deep review' of LTCI business | LifeHealthPro

I would like to know John Hancock's percentages. I would be willing to guess greater than 18% of John Hancock policyholders opted to reduce benefits to keep premiums level.