Unusual number of LTC inquiries
[quote=anonymous]Great. So…you’re comparing a premium that can be taken back with one that can’t. How irresponsible of you. We compare choices. That's what we always do. The money back of the MoneyGuard product is an advantage of the product, but it's still, in this case, a very poor alternative. What are we supposed to do...not make comparisons, since it can never be apples to apples? The fact that one can get there money back is just part of the decision making process. If one doesn't want the insurance product anymore and they purchased MoneyGuard, they can get their premium back. If someone decides that they don't want life insurance and they don't want LTCi anymore, they can cancel those policies and they will still have a SPIA that will give them a guaranteed payment for the rest of their life. They also have the flexibility to cancel just their insurance or their LTCi at any time. [/quote]
"Blowing moneyguard out of the water" sounds a lot different than "we compare choices."
Once again, your histrionics are ghetto worthy.
The result of comparing choices is that Moneyguard got blown out of the water.Bobby, what happened..did you ban everyone on your board who disagreed with you, so now you have to come back here to participate?
The result of comparing choices is that Moneyguard got blown out of the water.Bobby, what happened..did you ban everyone on your board who disagreed with you, so now you have to come back here to participate?[/quote]
Nope. Just the idiots and homos. Which one are you?
Grabs the steering wheel and returns the conversation to the topic on-hand
[quote=anonymous]If they feel they can self insure and they have the cash to do it, Moneyguard is a nice alternative to the CD they have sitting in the bank waiting for the nursing home.I had a case a few months back like this. We were able to blow Moneyguard out of the water. For the same premium, we bought a SPIA. The SPIA was used to buy a GUL policy that had a greater death benefit than the MoneyGuard product and it purchased a vastly superior LTC policy. We had the added benefit that using the LTC had no impact on the death benefit. The last time that I looked into this, Moneyguard really only made sense if the person is older (70's) and only one spouse is getting LTCi.[/quote]
Could you explain this piece "a GUL policy that had a greater death benefit than the MoneyGuard product and it purchased a vastly superior LTC policy"? Specifically how the GUL "purchased" a LTCI policy?
I don't think I've run across this so would like to understand how the different cogs come together.
Ah, I grok now. The SPIA pays for a GUL and a LTCI policy.
PS - EDJ4NOW, Banker's Life has high number of complaints vs policies issued. As for the KoL LTCI, ask your Genworth rep to create a "Why we beat them" comparison and send you the table.