So write Mass Mutual and NY Life. A++ rated. NY Life's rates are as good or better than Genworth's in CA. What is the problem?
Genworth Halts Long-Term Care Insurance Sales In California
- Thread starter CALTCAgent
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So write Mass Mutual and NY Life. A++ rated. NY Life's rates are as good or better than Genworth's in CA. What is the problem?
More of an annoyance than a problem. We'll continue to write business but the shrinking of available carriers is becoming frustrating.
NY Life and MM are great companies but I prefer to see a breadth of carriers as opposed to these contractions.
I like that Genworth is moving towards full underwriting; hopefully that will provide some pricing relief but who knows when CA will approve the product.
As you know, CA is just difficult with everything LTC. Even on the life side, they resist approving LTC riders...just some complaining on my part.
No worries.
Well, at least Lincoln Moneyguard Reserve Plus is finally available in California.
Linked benefit policies may very well be where the entire market will be in 5 years.
Linked benefit policies may very well be where the entire market will be in 5 years.
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