Med America Vs Genworth
- Thread starter csalter
- Start date
- 2,584
So its been stated that its hard to predict the availability of a family member to care for you in 20-30 years. I agree with that.
So if your goal was to have a family member paid for caring for you, you cannot predict that very well.
You are essentially paying extra for "flexibility" then.
Felixibilty for what?
To have a family member be paid to care for you or that a new method of care comes along that you can pay for with the cash.
I also find Medamerica's underwriting it bit more difficult than other companies.
So if your goal was to have a family member paid for caring for you, you cannot predict that very well.
You are essentially paying extra for "flexibility" then.
Felixibilty for what?
To have a family member be paid to care for you or that a new method of care comes along that you can pay for with the cash.
I also find Medamerica's underwriting it bit more difficult than other companies.
Arthur Rudnick
Guru
- 1,652
previously posted by caltcagent
I can't disagree with you on that. They are sometimes living on their own planet when making an U/W decision.
However, if their target market is 40-55 (where their premiums are generally competitive) at that age bracket most applicants are in good health and will usually qualify for their preferred health rate.
Unlike other carriers, I always do a pre-qual with them before submitting an app, regardless of how benign a particular medical diagnosis may appear to be.
I can't disagree with you on that. They are sometimes living on their own planet when making an U/W decision.
However, if their target market is 40-55 (where their premiums are generally competitive) at that age bracket most applicants are in good health and will usually qualify for their preferred health rate.
Unlike other carriers, I always do a pre-qual with them before submitting an app, regardless of how benign a particular medical diagnosis may appear to be.
- 2,584
Of course marketers hyped up their underwriting to me, only to be disappointed.
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- Thread starter
- #45
they are in california.
My wife's age is 38 and policies difference in cost is almost 34%. MedAmercia is $2010 and Genworth was $1501. That is with a year's difference in age from 37 from when we bought the Genworth policy a year ago. We both have preferred rate status on the Genworth policy not standard.
Is California different?
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yes.
calif. rates and policies are very different from every other state's policies and rates.
- Thread starter
- #47
You threw a teaser out there, Mr. Ed. Aren't all states' policies different from one another? Or are California's different from the rest?
Are CA rates more or less expensive than other states?
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- Thread starter
- #48
Yes. That is correct.
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Well to close the financial gap, the agent trying to sell me the MedAmerica policy is pushing the cash flexibilty of the policy. He has proposed to me that I go with a 3 year policy for myself and my wife. I was not into that because women usually need more time than men in a facility or home. I asked about what is the difference if I had 3 years of bp and my wife had 4 years. He stated it would be a $50 difference compared to what I am paying now. So I would pay 50 dollars more and get a year less on my policy.
Also, the home health portion of the MedAmerica, I forgot to ask the agent when the home care portion kicks in as Genworth does not have an elimination period for home care.
Any thoughts?
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Lot less expensive with NYLife. Oh, I am sorry. You don't want an inexpensive policy with an A++ mutual company. You like the A and A- companies.
- Thread starter
- #50
NYL does not carry LTC due to my wife's age. I did ask about them. They can do me, but not her.
