Arthur Rudnick
Guru
- 1,652
originally posted by Mr_Ed
I'll be sure to tell my Genworth prospects that. I'm sure it will put their minds at ease. Or, I could just tell them due to Genworth's financial performance, they were downgraded this week?
originally posted by ltcadviser
My guess is 1 1/2. However, since it's a 10-pay, the increase will most likely be a higher % than if it was a life-pay.
S&P states that an insurer rated "A" (Strong) has strong financial security characteristics that outweigh any vulnerabilities, and is highly likely to have the ability to meet financial commitments. Insurers rated "A" (Strong), "BBB" (Good), or "BB" (Marginal) have strong, good, or marginal financial security characteristics, respectively. The "A", "BBB" and "BB" ranges are the third-, fourth- and fifth-highest of nine financial strength rating ranges assigned by S&P, which range from "AAA" to "R." A plus (+) or minus (-) shows relative standing in a rating category. These suffixes are not added to ratings in the "AAA" category or to ratings below the "CCC" category. Accordingly, the "A+", "A-", "BBB+", "BB+" and "BB-" ratings are the fifth-, seventh-, eigth-, eleventh- and thirteenth-highest of S&P's 21 ratings categories.
I'll be sure to tell my Genworth prospects that. I'm sure it will put their minds at ease. Or, I could just tell them due to Genworth's financial performance, they were downgraded this week?
originally posted by ltcadviser
So, what is the over under on the number of rate increases I should expect on my Genworth 10 Pay within the next 6 years? 2 1/2?
My guess is 1 1/2. However, since it's a 10-pay, the increase will most likely be a higher % than if it was a life-pay.