Sat, Dec 27, 2014, 1:11 AM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Genworth Financial, Inc. Message Board

  • dog01buck dog01buck May 6, 2013 9:28 PM Flag

    Do NOT be overly concerned about Genworth's Long Term Care Products

    as these too will make money. I read posts from concerned posters: "people live longer so consequently these policies can not be profitable".

    This is, of course, not true. People are living longer. The policies can still be profitable - VERY.

    Both my father and mother purchased GNW long term care products. My father died 2 years ago at 92 - he never drew a nickel on his policy - he was healthy until his death. His premiums were 100% profit for GNW.

    My mother is 85 and has been drawing for almost 2 years. BUT there is a contractual ceiling on the total amount of dollars which she can EVER draw on her policy AND she STILL pays the premiums (unless/until confinement when the premiums are waived).

    Because of my own background, I invested in GNW because of its MI section NOT the ins. section - and for the same reason I bought regional lenders - RF, HBAN, OZRK and more. It is this sector (Financial) which I know.

    HELL, I lost enough when the Real estate//Banks collapsed, so consequently, it is only fair that I "turn a nickel"on the rise in share value - and I have....at least on paper- (technically, I have NOT because I continue to hold these securities).

    In part, it also is the volatility of GNW which attracted me, consequently I "traded" it - now, I just buy and hold.

    GNW simply adjusts their model on their LTC to account for life expectancies and mortality tables - it can, and will STILL turn a profit - hence their recent marketing of a new product......nationwide. We will be fine here.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
GNW
8.39-0.01(-0.12%)Dec 26 4:01 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Virgin America Inc.
NASDAQFri, Dec 26, 2014 4:00 PM EST
Rice Energy Inc.
NYSEFri, Dec 26, 2014 4:02 PM EST
TASER International Inc.
NASDAQFri, Dec 26, 2014 4:00 PM EST