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Yankee466
 Post subject: Prudential exits the individual LTC market
PostPosted: Wed Mar 07, 2012 11:33 am 
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Joined: Sat Nov 03, 2007 8:15 pm
Posts: 179
Location: Atlanta,GA
Prudential Financial will be exiting the individual long-term care insurance market effective immediately. Prudential will no longer market an individual long-term care insurance product effective tomorrow, however they will remain in the “true” group LTC market.



Applications dated and signed as of today (March 7, 2012) will be accepted by Prudential through March 16th


Pet insurance anyone?

:shock:
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kpbdy
 Post subject: Re: Prudential exits the individual LTC market
PostPosted: Wed Mar 07, 2012 3:51 pm 
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Joined: Tue Apr 04, 2006 9:06 am
Posts: 114
Location: Maine
I've heard they can't price the pet medical appropriately, and they're being hammered with unexpected claims and low lapse ratios.

"Welcome to WalMart."

Ugh.
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Arthur Rudnick, LTCP
 Post subject: Re: Prudential exits the individual LTC market
PostPosted: Wed Mar 07, 2012 9:47 pm 
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Joined: Thu Apr 07, 2005 5:59 pm
Posts: 505
Location: Westchester County, NY
I bought a turtle last month for $1.29. Cute little fellow.

Just signed him up for Pet Insurance. Premiums are $100/month. Is that a good deal?

Arthur
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Yankee466
 Post subject: Re: Prudential exits the individual LTC market
PostPosted: Thu Mar 08, 2012 9:50 am 
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Joined: Sat Nov 03, 2007 8:15 pm
Posts: 179
Location: Atlanta,GA
For $1.29.......you should have bought two. :D
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Arthur Rudnick, LTCP
 Post subject: Re: Prudential exits the individual LTC market
PostPosted: Thu Mar 08, 2012 10:10 am 
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Joined: Thu Apr 07, 2005 5:59 pm
Posts: 505
Location: Westchester County, NY
Didn't think of that. Probably could have gotten a Partner Discount.
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