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Old 04-25-2017, 02:23 PM   #1
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Penn Treaty Penn Treaty
If a person could replace similar benefits and similar premium with a different carrier, why wouldn't they switch LTC providers to MOO or someone like that. Biggest sacrifice would be 5% compound to 3%
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Old 04-25-2017, 02:27 PM   #2
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Penn Treaty Re: Penn Treaty
originally posted by kstein

If a person could replace similar benefits and similar premium with a different carrier, why wouldn't they switch LTC providers to MOO or someone like that. Biggest sacrifice would be 5% compound to 3%
The biggest sacrifice is that Penn Treaty hasn't sold a policy in over 15 years and replacing it would probably cost 3-4 times what they're paying now, even with a 3% cmp.

That's assuming the policyholder is still insurable.

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Old 04-25-2017, 03:06 PM   #3
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Penn Treaty Re: Penn Treaty
Originally Posted by kstein View Post
If a person could replace similar benefits and similar premium with a different carrier, why wouldn't they switch LTC providers to MOO or someone like that. Biggest sacrifice would be 5% compound to 3%
actually the biggest sacrifice would be the IADL benefit trigger.
Penn Treaty's best policy used an IADL trigger.
Needing assistance with only 2 IADL's triggered the policy benefits.

I read an interesting article about this subject at this link:

https://www.ltcshop.com/2016/12/09/y...nsurance-dead/


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Old 04-25-2017, 03:58 PM   #4
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Penn Treaty kstein is the thread starter for: Penn Treaty

Yes good point I forgot about that. I remember that being a unique selling point along with the non licensed hhc option
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Old 04-25-2017, 08:09 PM   #5
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Penn Treaty Re: Penn Treaty
Penn Treaty also used to accept Parkinsons, at least beginning stages, among other ailments.
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Old 04-25-2017, 10:28 PM   #6
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Penn Treaty Re: Penn Treaty
Originally Posted by CALTCAgent View Post
Penn Treaty also used to accept Parkinsons, at least beginning stages, among other ailments.
That was their "Secured Risk" policy. It was probably the only product they ever sold that was actuarially sound. Very limited benefits. Very high premiums.
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Old 04-25-2017, 10:46 PM   #7
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Penn Treaty Re: Penn Treaty
Originally Posted by Mr_Ed View Post
That was their "Secured Risk" policy. It was probably the only product they ever sold that was actuarially sound. Very limited benefits. Very high premiums.
Even on their comprehensive plans for a while. I remember seeing it but it had some stipulations where very few could be accepted.
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