Genworth Sale Update:

Genworth has the most individual long term care insurance policies in the U.S. As noted, Genworth along with every other U.S. insurance company with LTC policies has had issues due to initial under-pricing of policies, the prolonged low-interest rate environment, offering of lifetime benefit periods with minimal actuarial experience and lower than expected lapse ratios (people terminating policies). This has meant that basically every older LTC policy issued before the NAIC’s Model LTC Rate Stabilization Act has had premium increases with most policies having multiple increases. Because of their LTC market share, it’s important to note that China Oceanside’s Acquisition of Genworth Again Delayed by U.S. Review which will have a significant impact on Genworth’s financial health.

Related blog posts:

The Truth About Long Term Care Insurance Premium Increases:

Long Term Care insurance premium increase balancing act

Join #GETREADY - Be Financially Prepared

First aid kit icon 9 2019
Sign up for a periodic look at ways that you can stay financially prepared. You’ll receive tips and resources to help you #getready and #stayready.
Powered by ConvertKit