MedAmerica Leaves the Arena

Jan 5, 2016

  1. ltcadviser
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    One more carrier exits stage left.

    MedAmerica is ceasing LTCi sales February 16, 2016.
     
  2. Arthur Rudnick
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    Arthur Rudnick Moderator Moderator

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    You beat me to it by 3 minutes Jack.

    Downhill since Bill Jones left 2-3 years ago.

    Anyone who was watching knew this was going to happen.
     
  3. Arthur Rudnick
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    Arthur Rudnick Moderator Moderator

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    That should be What WAS MedAmerica?

    ----------

    Originally posted by Mr_Ed

    Not true in NY where they owned the majority of the NYS Partnership business.
    Only Genworth & NYLife are left.

    At the end of the day, another top 10 carrier leaves the market.

    Insignificant? I don't think so............
     
  4. ltcadviser
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    So why even roll out new policy Contego last month? Seems like a waste of resources.
     
  5. Arthur Rudnick
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    Arthur Rudnick Moderator Moderator

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    originally posted by ltcadviser

    Because no one in the company has a clue on running a LTCi business.
     
  6. ltcadviser
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    Well i am sitting on an $11000 year 10 Pay FlexCare application that needs to be submitted to them then it is back to hybrids, Mass Mutual and Omaha.
     
  7. Mr_Ed
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    Mr_Ed, Jan 13, 2016
    #7
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