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Genworth Financial, Inc. Message Board

dog01buck 3 posts  |  Last Activity: Mar 3, 2015 7:57 PM Member since: Sep 18, 2012
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  • Both of my parents purchased LTC policies from Genworth. Unfortunately, my father passed (age 92) and never drew a nickel (100% profit for GNW).

    My mother is in St George's Retirement in Roswell but keeps her home at Sea Island. We utilize helpers in both locations.

    Of course, there is a ceiling on GNW exposure (i.e. what we can draw to assist her over her life time) so it is the "model" which had flaws. The ceiling (maximum exposure for Genworth) always existed.

    Of course, there is no chance of a policy holder not receiving benefits (only of the carrier ceasing the sale of new policies) and the other poster (obviously, bearish despite alleging that he holds shares - simply lied).

    Only an idiot would stop paying premiums on a vested policy. The poster (sellhighbuylow_27) has no understanding whatsoever, of the insurance industry, much less being an agent authorized to sell policies….

  • Reply to

    Expect a Dumping

    by dog01buck Feb 25, 2015 5:46 PM
    dog01buck dog01buck Feb 26, 2015 1:06 PM Flag

    I went with my hunch and exited in first 5 minutes - I will buy back in, just don't know whether to wait or to nibble at day end....

  • dog01buck by dog01buck Feb 25, 2015 5:46 PM Flag

    This is a monumental bungle IF you believe in a commodity (oil) rebound - which Is precisely why I bought WLL - not a "longtime" shareholder....

    They are hedging into '16 and '17 at CURRENT oil process....this appears to be a tragic misstep, and frankly I am shocked at management's decision.....

    Continental went to the opposite extreme (sold even their existing hedges betting on the fast turnaround) and the street liked the strategy - CLR reported last night and stock rose nicely today.....

7.34Mar 30 4:02 PMEDT