...as of 12/31/11 from what I hear through the grapevine. So much for the "it's better to pay more for a mutual company" argument. Wonder what NYL and NWM agents will use as an argument for why they're better than Genworth/Hancock/MOO now...
I'm not sure the buying public will make a distinction between mutuals and stock insurers. What we see is another LTC insurance company pulling out and probably leaving present policyholders without good service....as of 12/31/11 from what I hear through the grapevine. So much for the "it's better to pay more for a mutual company" argument. Wonder what NYL and NWM agents will use as an argument for why they're better than Genworth/Hancock/MOO now...
I'm not sure the buying public will make a distinction between mutuals and stock insurers. What we see is another LTC insurance company pulling out and probably leaving present policyholders without good service.
People buy insurance to decrease uncertainty, not to add another source of it.
...as of 12/31/11 from what I hear through the grapevine. So much for the "it's better to pay more for a mutual company" argument. Wonder what NYL and NWM agents will use as an argument for why they're better than Genworth/Hancock/MOO now...