Comments for Long Term Care Insurance Blog http://www.ltcconnects.com/blog Wed, 10 Mar 2010 05:06:07 -0800 http://wordpress.org/?v=2.8.4 hourly 1 Comment on Rating The Best Long Term Care Insurance Companies by Ian http://www.ltcconnects.com/blog/2009/07/best-long-term-care-insurance-companies-ratings/comment-page-1/#comment-324 Ian Wed, 10 Mar 2010 05:06:07 +0000 http://www.ltcconnects.com/blog/?p=64#comment-324 Janice - they have a Comdex of 50 and a +BBB rating with Standard and Poor’s Janice – they have a Comdex of 50 and a +BBB rating with Standard and Poor’s

]]> Comment on Rating The Best Long Term Care Insurance Companies by Janice http://www.ltcconnects.com/blog/2009/07/best-long-term-care-insurance-companies-ratings/comment-page-1/#comment-321 Janice Fri, 05 Mar 2010 04:28:11 +0000 http://www.ltcconnects.com/blog/?p=64#comment-321 I have had LTC insurance from Kanawha for at least six years now. What is their comdex? Are they financially stable? I have had LTC insurance from Kanawha for at least six years now. What is their comdex? Are they financially stable?

]]> Comment on Rating The Best Long Term Care Insurance Companies by Jack http://www.ltcconnects.com/blog/2009/07/best-long-term-care-insurance-companies-ratings/comment-page-1/#comment-318 Jack Wed, 03 Mar 2010 04:13:37 +0000 http://www.ltcconnects.com/blog/?p=64#comment-318 <a href="#comment-286" rel="nofollow">@Bill </a> Northwestern has a comdex of 100. It's long term care insurance policy is very very expensive. Even with a dividend, it is still very very expensive. @Bill

Northwestern has a comdex of 100. It’s long term care insurance policy is very very expensive. Even with a dividend, it is still very very expensive.

]]> Comment on Rating The Best Long Term Care Insurance Companies by Ian http://www.ltcconnects.com/blog/2009/07/best-long-term-care-insurance-companies-ratings/comment-page-1/#comment-289 Ian Wed, 03 Feb 2010 03:23:17 +0000 http://www.ltcconnects.com/blog/?p=64#comment-289 Bill, we don't work directly with Northwestern so we didn't include them in blog post on rankings. That being said, they do have excellent financial strength ratings. Bill, we don’t work directly with Northwestern so we didn’t include them in blog post on rankings. That being said, they do have excellent financial strength ratings.

]]> Comment on Rating The Best Long Term Care Insurance Companies by Bill http://www.ltcconnects.com/blog/2009/07/best-long-term-care-insurance-companies-ratings/comment-page-1/#comment-286 Bill Sun, 31 Jan 2010 15:26:21 +0000 http://www.ltcconnects.com/blog/?p=64#comment-286 What is the rating of Northwestern ("the quiet company")? A representative of Northwestern insists (surprise, surprise) that Northwestern is the best LTCI company due to financial stability, rate stability, dividends which reduce the cost, etc. What is the rating of Northwestern (”the quiet company”)? A representative of Northwestern insists (surprise, surprise) that Northwestern is the best LTCI company due to financial stability, rate stability, dividends which reduce the cost, etc.

]]> Comment on Rating The Best Long Term Care Insurance Companies by Ian http://www.ltcconnects.com/blog/2009/07/best-long-term-care-insurance-companies-ratings/comment-page-1/#comment-284 Ian Wed, 27 Jan 2010 21:26:35 +0000 http://www.ltcconnects.com/blog/?p=64#comment-284 Larry, thanks for the very good question. The view is that a mono-line carrier by nature is more challenged to maintain a high Comdex ranking due to the difficulty's inherent with accessing the same levels of capital as a multi-line carrier. LTC is a very capital intensive business. Comdex is figured based on the following: The Comdex is not a rating itself, but a composite of all the ratings that a company has received. The Comdex ranks the companies, on a scale of 1 to 100, in relation to other companies that have been rated by the services. The Comdex is an effort to reduce the confusion over ratings, which is caused by each ratings service using a different scale. The Comdex is based on the ratings issued by the following rating services: AM Best, Standard & Poor's, Moody's Investors Service and Fitch. It does not include Weiss Ratings. Larry, thanks for the very good question.

The view is that a mono-line carrier by nature is more challenged to maintain a high Comdex ranking due to the difficulty’s inherent with accessing the same levels of capital as a multi-line carrier. LTC is a very capital intensive business.

Comdex is figured based on the following:

The Comdex is not a rating itself, but a composite of all the ratings that a company has received. The Comdex ranks the companies, on a scale of 1 to 100, in relation to other companies that have been rated by the services. The Comdex is an effort to reduce the confusion over ratings, which is caused by each ratings service using a different scale. The Comdex is based on the ratings issued by the following rating services: AM Best, Standard & Poor’s, Moody’s Investors Service and Fitch. It does not include Weiss Ratings.

]]> Comment on Rating The Best Long Term Care Insurance Companies by Larry http://www.ltcconnects.com/blog/2009/07/best-long-term-care-insurance-companies-ratings/comment-page-1/#comment-283 Larry Tue, 26 Jan 2010 19:18:32 +0000 http://www.ltcconnects.com/blog/?p=64#comment-283 How can a monoline company compete in the comdex ratings with companies that sell multiple lines. MedAmerica vs rest of the companies listed. I don't understand how these ratings work How can a monoline company compete in the comdex ratings with companies that sell multiple lines. MedAmerica vs rest of the companies listed.
I don’t understand how these ratings work

]]> Comment on Rating The Best Long Term Care Insurance Companies by Ian http://www.ltcconnects.com/blog/2009/07/best-long-term-care-insurance-companies-ratings/comment-page-1/#comment-282 Ian Tue, 26 Jan 2010 06:05:54 +0000 http://www.ltcconnects.com/blog/?p=64#comment-282 Walter, Lincoln National Corporation is one of the largest financial services companies in the country and is #32 by assets on the Fortune 500 list for 2008 (May 2009). The Lincoln National Life Insurance Company and Lincoln Life & Annuity Company of New York: <ul> <li>#2 provider in life insurance sales, LIMRA December 31, 2008 </li> <li>#5 largest broker-sold variable annuities, VARDS/MARC December 31, 2008</li> <li>#12 ranked total sales for fixed annuities, LIMRA December 31, 2008 </li> <li>Lincoln Financial Group is the eighth largest retirement plan provider by full service plans</li> </ul> As for your question regarding MoneyGuard Reserve policies, we don't deal with them much as they're not really a player in the LTC market. Walter,

Lincoln National Corporation is one of the largest financial services companies in the country and is #32 by assets on the Fortune 500 list for 2008 (May 2009). The Lincoln National Life Insurance Company and Lincoln Life & Annuity Company of New York:

  • #2 provider in life insurance sales, LIMRA December 31, 2008
  • #5 largest broker-sold variable annuities, VARDS/MARC December 31, 2008
  • #12 ranked total sales for fixed annuities, LIMRA December 31, 2008
  • Lincoln Financial Group is the eighth largest retirement plan provider by full service plans

As for your question regarding MoneyGuard Reserve policies, we don’t deal with them much as they’re not really a player in the LTC market.

]]> Comment on Rating The Best Long Term Care Insurance Companies by Walter http://www.ltcconnects.com/blog/2009/07/best-long-term-care-insurance-companies-ratings/comment-page-1/#comment-280 Walter Fri, 22 Jan 2010 23:11:46 +0000 http://www.ltcconnects.com/blog/?p=64#comment-280 What is the rating for Lincoln Fiancial for long term care insurance? Have you heard of MoneyGuard Reserve policies where you put up a lump sum and it pays long term care if you need it or a death benefit and acrues interest? What is the rating for Lincoln Fiancial for long term care insurance? Have you heard of MoneyGuard Reserve policies where you put up a lump sum and it pays long term care if you need it or a death benefit and acrues interest?

]]> Comment on An Insider’s Look: Reporting on Long Term Care by lark http://www.ltcconnects.com/blog/2010/01/report-long-term-care/comment-page-1/#comment-279 lark Fri, 22 Jan 2010 08:47:54 +0000 http://www.ltcconnects.com/blog/?p=248#comment-279 Nice post. Before finalizing your Long term care insurance policy educate yourself about it. I came across this site, it seems to contain very informative and nice information and also gives you an option to compare long term care insurance cost. Nice post. Before finalizing your Long term care insurance policy educate yourself about it. I came across this site, it seems to contain very informative and nice information and also gives you an option to compare long term care insurance cost.

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