Outcome For Genworth LCI

[theman1xx]

What are the likely outcomes for Genworth LCI if Genworth Mortgage goes under?

 

[b61mack]

Re: Genworth

explain it a little better, not quite sure what you mean!

 

[theman1xx]

If the mortgage foreclosures continue to increase and Genworth Mortgage were to liquidate, what effect would that have on Genworth LTC policy holders?

 

[billberry12]

IMO. none.

 

[yankee466]

What are the likely outcomes for Genworth LCI if Genworth Mortgage goes under?

separate entity....LTC reserves have nothing to do with mortgage division. I will second the IMHO....nothing. Stock price may take another hit though,

 

[Mr_Ed]

What are the likely outcomes for Genworth LCI if Genworth Mortgage goes under?

completely different companies with completely different financial ratings and reserves.

one has little to no impact on the other.

 

[billberry12]

Yes, stock price drops only give competitors ammunition to scare people about Genworth. But.....I must admit, it does work against the overall perception of Genworth LTCI, which IMHO, is a cheap shot. But hey, I'm just a guy with an opinion. It is kind of weired for one Company (Genworth) to have such a large part of the total market. Bottom line, Genworth better be right in every move they make, because if one wrong move is made, it will effect a big chunk of the LTCI policyowners in the world in a negative way. That could be bad.

 

[Mr_Ed]

My guess is that they will liquidate.

??????????????

What?

 

[Arthur Rudnick]

My guess is that they will liquidate.

What?

Cut him some slack, he's a new member............