- 15,041
Come on, no one has posted how great the LTCi industry is and how this only makes it stronger, that this doesn't matter!
Another Major LTC Player Making Sweeping Changes
- Thread starter bluemarlin08
- Start date
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- Tags
- long term care
- 657
Mr. _Ed,
I believe everything is temporary except death and taxes.
I believe everything is temporary except death and taxes.
Arthur Rudnick
Guru
- 1,652
You're probably right. It's a temporary 15% hair-cut. On the way to a 25% future cut.
Hey............
It's great for the LTCi industry and this only makes it stronger, this doesn't matter!
- Thread starter
- #14
- 1,926
Commission cuts don't apply if you are on their ambassador program, only to brokers.
I feel like such a schmuck! I never knew the family history profile section was optional all these years. Duh!
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So, how long until family history is used in underwriting decisions? A year, two years, 5 at most?
Bottom line is Genworth's pricing is 50% higher in August than today.
Omaha, Trans, AmGen and Genworth will be close in price.
Underwriting will be key.
Might as well just double app everyone to the A+ carriers, Omaha and Transamerica and have a day.
Omaha, Trans, AmGen and Genworth will be close in price.
Underwriting will be key.
Might as well just double app everyone to the A+ carriers, Omaha and Transamerica and have a day.
- 657
ltcadvisor, that's what I'm thinking too.
First carrier to issue a policy as applied for in 4 weeks wins.
50% higher? When I shared that Genworth was going to increase rates on May 3rd by 20 or 30 per cent as per my agent some folks did not believe me. Maybe I will get a little more R-E-S-P-E-C-T in the future. :-) I don't know a lot about this industry, but I try to share what little I know.
All I know is that I am glad I have my policy now. I don't think I can afford today's new rates.
