Individual Life Insurance is officially dead.

Oct 31, 2018

  1. Mr_Ed
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    Voya to exit individual life insurance business

    Voya to exit individual life insurance business

    If Voya was selling long-term care insurance, the Wall Street Journal (or Forbes) headline would read: "Long-term care insurance is officially dead." With this announcement from Voya is Leslie Scism going to write an article entitled: "Individual Life Insurance is Dead!"

    doubtful.
     
    Mr_Ed, Oct 31, 2018
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  2. ltcadviser
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    Voya hasn't been a life insurance player in years. Voya is dead. Life insurance though is booming. Especially life insurance policies with LTC benefits. You, know...hybrid LTC policies. Booming. Booming. Booming.
     
  3. WinoBlues
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    Voya? I think my daughter eats that. It is yogurt, Right? I like the peach myself. ;)

    Who are your top three hybrid companies and why? Thanks.
     
  4. ltcadviser
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    ltcadviser Guru

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    OneAmerica and Securian are certainly the two best. Lincoln would be the 3rd best policy, in my opinion. You can see more of my thoughts as to the best long term care insurance policies currently available today at the link below.

    Best Long Term Care Insurance Policies 2018 - LTC Partner
     
  5. scagnt83
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    scagnt83 Worldwide Expert of Everything

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    Life Insurance books of business are profitable. Even the old ones. It's nothing like the situation LTCI faces.
     
  6. Mr_Ed
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    If they are profitable, why are they "getting out of the life insurance business"?
     
    Mr_Ed, Nov 1, 2018
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  7. WinoBlues
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    Just a guess: Existing mature Life books of business are profitable as compared to acquisition cost of new business and young business 1-3 years old.
     
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