Deciding on Being a Genworth LTC Specialist

[CALTCAgent]

If your interest is how much money you can make, no comment but if you want to do what is best for a clients, I suggest you start with Vital Signs Analysis of the companies that interest you

also, check rate increase history, exclusion and limitations in the contract, etc if doing what is best is your objective

You might want to check on underwriting first.

What is Vital sign analysis and what does it tell you?

 

[Mr_Ed]

If your interest is how much money you can make, no comment but if you want to do what is best for a clients, I suggest you start with Vital Signs Analysis of the companies that interest you - Genworth's comdex is 76 - I will not use a company with a comdex lower than 93 and Genworth's invested assets total EOY 2011 was less than 39 billion and I will not use a company with less than 65 billion - also, check rate increase history, exclusion and limitations in the contract, etc if doing what is best is your objective

Min

is there anything more hypocritical than a captive agent preaching "doing what is best for the client."

 

[ltcadviser]

93 comdex? Well that sure is an arbitrary cutoff! Lot of good insurance companies with comdex of 89-92!

 

[Mr_Ed]

93 comdex? Well that sure is an arbitrary cutoff! Lot of good insurance companies with comdex of 89-92!

no, jack... 92 is bad.
93 is good.
use your brain.

 

[ltcadviser]

no, jack... 92 is bad.
93 is good.
use your brain.

My Northwestern friends have always told me 99 is on the verge of insolvency

 

[Mr_Ed]

My Northwestern friends have always told me 99 is on the verge of insolvency

isn't 98.9 on the verge of insolvency.

 

[ltcadviser]

isn't 98.9 on the verge of insolvency.

If you are a captive mass mutual agent.

 

[Min]

I am not captive but a consultant who simply stated my conclusions after the due diligence I did - what do you call those that are unable to appreciate an individuals simply stating findings and conclusions - most certainly it is not flattering but would be truthful comment...

Vital Signs is a third party provider of data to the insurance industry - google it or ask insurance companies - many of them subscribe

One question: how many have actually read and dissected what we refer to as a blue book - my money is on ZERO...
so wind-up dolls keep it up; and, the industry will continue to be placed lower than used-car salesmen...

HAGD,

Min

 

[Mr_Ed]

I am not captive but a consultant who simply stated my conclusions after the due diligence I did - what do you call those that are unable to appreciate an individuals simply stating findings and conclusions - most certainly it is not flattering but would be truthful comment...

Vital Signs is a third party provider of data to the insurance industry - google it or ask insurance companies - many of them subscribe

One question: how many have actually read and dissected what we refer to as a blue book - my money is on ZERO...
so wind-up dolls keep it up; and, the industry will continue to be placed lower than used-car salesmen...

HAGD,

Min

we know what vital signs is.

your statement:

I will not use a company with a comdex lower than 93

demonstrates that you do not understand some of the most basic insurance industry regulations.

you may label yourself a "consultant" but if you think that one should avoid a company with a Comdex rating of 92 or less you don't know much.

please find for me the last time an insurance company that had a comdex rating of 70 (let alone 92) went into receivership.

 

[CALTCAgent]

I am not captive but a consultant who simply stated my conclusions after the due diligence I did - what do you call those that are unable to appreciate an individuals simply stating findings and conclusions - most certainly it is not flattering but would be truthful comment...

Can you explain more specifically why you came to your conclusions about the 93 Comdex?

If a persons health is not good enough for the particular company with a 93 Comdex, they should not look at other companies?