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Old 12-08-2008, 06:34 PM   #21
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Look at Genworth, formerly the Cadillac of LTC policy writers. Closed today at $1.43.

Ha
They're still the Cadillac of LTC policy writers--it's just that "Cadillac" doesn't mean what it used to, either. . . .

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Old 12-08-2008, 08:54 PM   #22
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Yip, we can all see that, but what about saluki9' comment and are you implying there is a 1 to 1 correlation? Based on this chart I can't tell whether we should all be buying or selling the stock :confused: I thought the article implied a bit more than what this chart implies.

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You should clarify that there is a huge difference between the investment value of an insurance company and their ability to pay claims.

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They're still the Cadillac of LTC policy writers--it's just that "Cadillac" doesn't mean what it used to, either. . . .

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Old 12-08-2008, 09:03 PM   #23
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Yip, we can all see that, but what about saluki9' comment and are you implying there is a 1 to 1 correlation? Based on this chart I can't tell whether we should all be buying or selling the stock :confused: I thought the article implied a bit more than what this chart implies.
Sorry, you're reading too much into my post. I was only saying that even "Cadillac" (as symbolized by GM's stock price) might not be an appropriate metaphor for rock-steady excellence anymore.
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Old 12-08-2008, 09:16 PM   #24
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Sorry, you're reading too much into my post. I was only saying that even "Cadillac" (as symbolized by GM's stock price) might not be an appropriate metaphor for rock-steady excellence anymore.
agreed...point taken
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I have firsthand experience with a LTC company.
Old 12-10-2008, 09:34 AM   #25
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I have firsthand experience with a LTC company.

My mother, who is now 86 years old, bought a LTC policy from John Hancock in 1995. Her yearly premiums were about $2,500. In 2005, she was diagnosed with Alzheimer's and came to live with us for about a year and a half. In mid-2007, we were forced to move her to a lovely senior living facility near us. They have a "memory care" wing there. John Hancock has been paying at a rate of $100 a day for her care. We would have been hard-pressed to pay for this ourselves, so I'm a huge fan of John Hancock now. Also, they've been around for quite a long time.
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