Omens & Portents, Part Two
“Important Notice: Discontinuance of Individual LTC Insurance Sales
To our LTC Distribution Partners and Producers:
After a recent analysis of the macro-economic trends facing the long-term care (LTC) insurance industry, we have made the difficult decision to discontinue sales of our individual LTC insurance policies in all states. As many of you well know, the distribution landscape for LTC insurance has shrunk significantly since the peak of the industry in 2002. Today, there are far fewer outlets through which individual LTC insurance is sold, impacting the growth potential of the product. In addition, consumer demand for individual LTC insurance has fallen and remains stagnant. These trends, combined with the significant capital requirements of the LTC insurance business, are the primary reasons for this decision, which was not taken lightly.”
Hancock has been an 800-pound gorilla in the Long Term Care insurance market for as long as I can recall.
So I reached out to our friend and LTCi guru Ray C for his thoughts, and he reminded me that “several years age, ManuLife purchased John Hancock.
I believe this change is now saying, they wanted Hancock for life and annuity – investments and not long-term care.
We stopped doing John Hancock three years ago.
So, we see no negative impact on our business – but another black eye on the industry
.”I’m glad he reminded me of this, because I then went back and saw this in a post from ’13:
Looks like they’ve had a change of heart.
Source: http://insureblog.blogspot.com/2016/11/omens-portents-part-two.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).