Best LTC carriers to contract with...

Feb 26, 2019

  1. MoneyNirvana
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    MoneyNirvana Super Genius

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    Aren't there only so many carriers left in the LTC market anyways? the Demise of Genworth, John Hancock & Prudential are lessons well learnt. The cost increases in care is astounding.
     
  2. ltcadviser
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    ltcadviser Guru

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    We have Mutual of Omaha, New York Life, Northwestern Mutual, Mass Mutual, National Guardian, Thrivent, Transamerica, and Bankers for stand alone LTC;

    We have Lincoln, OneAmerica, Securian, Pacific Life, New York Life, Nationwide, Mass Mutual, and Global Atlantic for linked benefit policies.

    Seems like enough underwriters to find good coverage for consumers today. No one is missing the presence of Genworth or John Hancock.
     
  3. MoneyNirvana
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    MoneyNirvana Super Genius

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    "enough underwriters to find good coverage for consumers today"
    Having good coverage is " not good enough" in long term care becoz you never know when you will use it. Exactly why john hancock/ genworth/prudential went under. In LTC its " only the very best will do" or else not buying.

    A sale or sale price or a deal in realestate is "what a willing buyer is willing to pay for a house and a willing seller will accept the offer".

    With LTC, so many policies just simply have a base price & everything else come in form of riders or linked benefits or hybrid life policies that it just isnt that much fun selling stand alone LtC policies anymore whilst not having gurantees of premium increases.
    People with less than 50k income are wiped out of buying standalone LTC now. (unless ofcourse their employer is paying for their LTC).
     
  4. Tahoe Ray
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    Tahoe Ray Guru

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    People with less than 50k in income is not the target market for LTC.

    Do you sell LTC?
     
  5. ltcadviser
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    ltcadviser Guru

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    “Went under?”

    Whatchoo talkin about Willis?
     
    Last edited: Apr 15, 2019
  6. MoneyNirvana
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    MoneyNirvana Super Genius

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    o well Willie, i aint explaining if u aint getting it.
     
  7. MoneyNirvana
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    MoneyNirvana Super Genius

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    Is there a reason why Jack you dont show the "went Under" companies on your website? the john hancock, prudential & Genworth?

    I bet there is ? you know what that is dont you? hint... starts with a "w...Un.." .
     
  8. Mr_Ed
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    Mr_Ed Guru

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    If John Hancock "went under" why are they sending a check to my mother-in-law every month covering the full cost of her assisted-living facility?
     
    Mr_Ed, Apr 15, 2019
    #18
  9. Arthur Rudnick
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    Arthur Rudnick Moderator Moderator

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  10. Mr_Ed
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    Mr_Ed Guru

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    do you need some ranch dressing for that word salad?
     
    Mr_Ed, Apr 15, 2019
    #20
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