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Respected Contributor
granddi
Posts: 3,226
Registered: ‎03-16-2010

Genworth Long Term Care Insurance

‎12-31-2013 10:41 PM

We just received notice that our premiums will increase 40% FORTY PERCENT! Premium due in Feb.

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Esteemed Contributor
patbz
Posts: 6,266
Registered: ‎03-10-2010

Re: Genworth Long Term Care Insurance

‎01-01-2014 10:07 PM

The low interest rates are the reason for ltc insurance rates increasing. Mine nearly doubled last year due to this. The insurance company assumes their portfolio will make X amount; if it doesn't your rates go up.

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Honored Contributor
151949
Posts: 25,929
Registered: ‎03-09-2010

Re: Genworth Long Term Care Insurance

‎01-01-2014 10:51 PM

We got ours 15 years ago from Met Life - one of the reasons we chose ths particular policy was they have a built in limit to how much they can increase the premiums and how often. it is minor - but , of course, we have paid it over the long run , which keeps the cost low. We got ours through AARP. Ours has been $45/month for each of use for a while now and so we are expecting an increase soon.
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