In the spirit of public service, we have put together a model to help a policyholder think through the various aspects of the options of keeping their current plan or accepting an alternative option given by Genworth. It appears the deadline is around the end of October 2021. As a disclaimer, I am not aware of all the legal implications of any single policy as there are many variations by state, so please feel free to use the excel sheet with your own discretion. That being said, this model is an effort to help you estimate your costs given changes in the following:
- % change in premiums if there was a large rate increase somewhere around year four in the model
- % of inflation in the years to come
- the amount a policyholder has paid in to date
- % that the benefits grow year-over-year, if at all
- the amount received as a one time payout to the policyholder for switching to a new plan.
In the video we also try to look at some of the solvency issues related to Genworth financial long term. This video is not a complete understanding of Genworth as a company, but it does seek to give you a 20 minute overview regarding the health and solvency concerns for the GNW- Genworth Financial.
Enjoy the excel sheet and the video.
With a yearslong planned deallooking increasingly unlikely to go through, Genworth Financial Inc. Genworth’s planned merger with China Oceanwide Holdings Ltd. But following regulatory and financing issues that spurred multiple extension deadlines, the company said Jan.