Interesting LTCi Article...

[Arthur Rudnick]

At the risk of being a smart ass, are there 10 carriers even
writing LTCi at this point?

Genworth Financial
John Hancock
Northwestern
Mutual of Omaha
Prudential
New York Life
Bankers Life And Casualty
Massachusetts Mutual
Transamerica
State Farm
Berkshire Life
MedAmerica
Knights of Columbus
Guarantee Trust Life
Assurity Life
Physicians Mutual
American General
Unum
CNA
And, there's more.......

For 2011, Genworth will most likely do in excess of 40% of all business LTC .

 

[CALTCAgent]

Genworth Financial
John Hancock
Northwestern
Mutual of Omaha
Prudential
New York Life
Bankers Life And Casualty
Massachusetts Mutual
Transamerica
State Farm
Berkshire Life
MedAmerica
Knights of Columbus
Guarantee Trust Life
Assurity Life
Physicians Mutual
American General
Unum
CNA
And, there's more.......

For 2011, Genworth will most likely do in excess of 40% of all business LTC .

OK Northwestern is higher than I was thinking. Hmmm...

Are they big in certain states? ( I rarely encounter them)

Big drop for Bankers.

The times they are a changin!

 

[Mr_Ed]

Genworth Financial
John Hancock
Northwestern
Mutual of Omaha
Prudential
New York Life
Bankers Life And Casualty
Massachusetts Mutual
Transamerica
State Farm
Berkshire Life
MedAmerica
Knights of Columbus
Guarantee Trust Life
Assurity Life
Physicians Mutual
American General
Unum
CNA
And, there's more.......

For 2011, Genworth will most likely do in excess of 40% of all business LTC .

LifeSecure
United Security
... and more....

 

[2insureyou]

Genworth Financial
John Hancock
Northwestern
Mutual of Omaha
Prudential
New York Life
Bankers Life And Casualty
Massachusetts Mutual
Transamerica
State Farm
Berkshire Life
MedAmerica
Knights of Columbus
Guarantee Trust Life
Assurity Life
Physicians Mutual
American General
Unum
CNA
And, there's more.......

For 2011, Genworth will most likely do in excess of 40% of all business LTC .

UNUM quit writing individual LTC, didn't they? Or was it group they quit writing... can't remember..

Transamerica only does group too, right? I wrote a group contract with them recently, and seem to remember not being able to do a true individual plan with them.

I've looked at the Med America plan. When I first considered them for a unique case, it seems like they didn't even have an "A" rating for financial strength.

Berkshire will quit writing by the end of the year.

I was not even aware American General had a product. Is it only in certain states?

Assurity is another carrier I would only write if I absolutely had to.

KOC, St.Fm., I run into from time to time. Of course, they're both captive...

Never heard of Guarantee Trust Life

Is Physician's Mutual writing individual?

Not familiar with CNA's product.

Admittedly, I write 75% of my LTC with Northwestern Mutual, but I always want to know who the other quality carriers are out there besides my choice alternatives (Mass, Gen, Hancock, MoO, Pru)

 

[Arthur Rudnick]

OK Northwestern is higher than I was thinking. Hmmm...

Actually, the list reflects LIMRA's 1st quarter submitted sales for 2011.

With Hancock dropping like a brick, it will be interesting to see if NWM takes over the #2 spot.
- - - - - - - - - - - - - - - - - -
2insureyou,

The question was "are there even 10 carriers writing LTCi"?

Unum & CNA are still in the business and write group products.

Transamerica is a player in the individual market (I think in all states) and has just recently rolled out a new product.

MedAmerica is a B++ and their parent company is rated A-

Guardian is history as of 12/31/11.

As stated earlier, there's a core group of 6-8 carriers that will do about 80% of the business.

 

[yankee466]

Assurity is history too by the way.

I try to stay out of these "discussions" in general, but I guess I just find it hard to understand all the back and forth on NML. Without getting out my calculator, I can not see that there is ANY amount of dividend that NWL could possibly pay in the future so as to make up for the difference in costs of the other quality carriers whether they raise their rates by 50% or not. Now maybe if NML is projected to be free after 10 years due to the large dividend, then I can see it....else why pay twice as much?

nadm had a great post on this same subject many, many threads ago.

Even a MM plan with the promise of dividends, as Jack L pointed out earlier, would blow away anything NWL has. There is nothing in a NML policy in terms of features or functions that would even make them worth looking at in the first place that I can see. Maybe I am missing something?

NML does attained age, as opposed to actual + 30 days....so any one 59 years and 6 months old is going to quoted a 60 year rate. There is another strike against them when trying to get someone a good value.

Maybe we can move on to a new topic soon?

 

[Mr_Ed]

Assurity is history too by the way.

I try to stay out of these "discussions" in general, but I guess I just find it hard to understand all the back and forth on NML. Without getting out my calculator, I can not see that there is ANY amount of dividend that NWL could possibly pay in the future so as to make up for the difference in costs of the other quality carriers whether they raise their rates by 50% or not. Now maybe if NML is projected to be free after 10 years due to the large dividend, then I can see it....else why pay twice as much?

nadm had a great post on this same subject many, many threads ago.

Even a MM plan with the promise of dividends, as Jack L pointed out earlier, would blow away anything NWL has. There is nothing in a NML policy in terms of features or functions that would even make them worth looking at in the first place that I can see. Maybe I am missing something?

NML does attained age, as opposed to actual + 30 days....so any one 59 years and 6 months old is going to quoted a 60 year rate. There is another strike against them when trying to get someone a good value.

Maybe we can move on to a new topic soon?

yankee... you just need a nice big swig of kool-aid and then it will all make sense to you.

 

[yankee466]

yankee... you just need a nice big swig of kool-aid and then it will all make sense to you.

I understand...but if you didn't always have to get the last word in, then this thread could stop.

We all know the NML guy is the last place a client should go for LTC......so why goad him on, other than for the entertainment value of course. Guess I'm just a party pooperl

 

[Mr_Ed]

I understand...but if you didn't always have to get the last word in, then this thread could stop.

We all know the NML guy is the last place a client should go for LTC......so why goad him on, other than for the entertainment value of course.

ok... i won't get the last word in.

 

[yankee466]

ok... i won't get the last word in.

guess not this time.