Prudential Discontinues Group LTC

[Crabcake Johnny]

"The second-largest U.S. life insurer said the halt would be effective Aug. 1, 2012, in all states except Indiana, Iowa, Kansas, Louisiana and South Dakota, where it will continue to offer products for a period of time as required by state law. Prudential will also notify clients of its intent to continue to accept group long-term care enrollments until June 30, 2013."

Prudential to Discontinue Sale of Group LTC Coverage | LifeHealthPro

 

[Mark]

"The second-largest U.S. life insurer said the halt would be effective Aug. 1, 2012, in all states except Indiana, Iowa, Kansas, Louisiana and South Dakota, where it will continue to offer products for a period of time as required by state law. Prudential will also notify clients of its intent to continue to accept group long-term care enrollments until June 30, 2013."

Prudential to Discontinue Sale of Group LTC Coverage | LifeHealthPro

Insurance companies are really hurting right now. I fear many more will pull out of this business.

 

[Mr_Ed]

Insurance companies are really hurting right now. I fear many more will pull out of this business.

I never thought I'd see the day where people would feel sorry for insurance companies.

 

[dlvhi]

pru has the NEA group plan. Does,anyone know if this will be effective? Maybe they have committed to NEA for a specific period.

 

[yankee466]

The AICPA would also like to know. I have a few accountants who would look at their overpriced Pru options.