Genworth Says "Ciao" to AARP

[billberry12]

"They were on a very old product & AARP wouldn't allow any changes. And it was internal competition with an unfair advantage to AARP. "

That would be my guess exactly.

 

[CALTCAgent]

Read Friday's bulletin (its a good one), but the end is June 1st. Don't know why, but we can all guess. They were on a very old product & AARP wouldn't allow any changes. And it was internal competition with an unfair advantage to AARP.

My guess as well. I just read that their net income was up from last year at this same time.

 

[yankee466]

So.....does anyone think there is another carrier willing replace GNW at AARP? or is AARP just out of the LTC business all together?

I like their PDP plans here in Georgia.

 

[billberry12]

I doubt any company would be interested in marrying AARP for LTCI at this point.

 

[somarco]

There may be other shake-ups coming in other product lines.

 

[Newby]

I doubt any company would be interested in marrying AARP for LTCI at this point.

I think there will be. That Logo sells product. The company just has to price it right.

 

[billberry12]

My bet is MedAmerica's flexcare product.

 

[Newby]

I wouldn't doubt that mutual of Omaha will get in with them.

 

[TriciaS]

Somebody will work with them. Somebody looking to quickly move up the ranks in volume. Somebody who thinks they can make a better deal with AARP than Met or Genworth did. MedAmerica could, they do alot of private label type policies for the Blues.