Genworth Total Living Care

steve3752

Expert
64
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
 
originally posted by steve3752

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

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.
 
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