Genworth Total Living Care

Feb 26, 2016

  1. steve3752
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    steve3752 New Member

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    Last week I placed a couple in Total Living Care. Case is pending.

    Any thoughts on what happens going forward for those who have this in light of Genworth halting new sales.

    Thoughts on withdrawal of the application and using another option.

    Thanks
     
  2. Arthur Rudnick
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    Arthur Rudnick Moderator Moderator

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    originally posted by steve3752

    As of 03/07/16 Genworth will no longer be accepting new apps for their TLC so you should be fine.

    They will continue to administer all life & annuity products going forward and their Reserves are more than adequate to pay future claims. I personally see no reason to withdraw the application and look for other options.

    If you're getting negative feedback from your applicants, that's another story and other options might be warranted.
     
  3. ltcadviser
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    ltcadviser Guru

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    Look at Lincoln Moneyguard II (basic) as an excellent option if you reside anywhere but in NY.
     
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