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Genworth Long Term Care Insurance

Claude of Rockville MD (02/21/08)
I received a notice that a 9% premium increase will be made. This is a long-term care policy in effect since 1992. I see no justification for any increase since the policy pays a fixed dollar amount in event of a claim. It does not pay based on increased charges by care facility. My wife and I are both covered. We purchased early to assure affordable rate.

It is not practical to change insurance companies due to higher premium at our ages of 75 years. They seem to have us over a barrel.

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July 5 2008

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