Short Recess For Genworth
Hope is the Genworth LTCi will be dark in CA for a short period of time. Perhaps, as early as July they will be introducing Preferred Choice Flex. Why so optimistic? Genworth has been in the process with the DOI and the CA Partnership for 20 month. They have apparently received verbal approval. I still will be a be-leaver when they formally announce their back.
What will change? The Flex will have a shared care benefit and limited (1 year) international coverage. Couple discounts and preferred rates will probably remain. Along with unisex rates.
Until then, TransAmerica and John Hancock reinbursement protection. MedAmerica for cash plans. Linked benefits Genworth TLC and Lincoln Money Guard.
Genworth has been a big partner of long term care insurance policy for a long time. Surely, we don't really know what will happen when it starts its break. However, many are hoping it comes back sooner.
ReplyDelete