About long-term care insurance company financial strength? - penn treaty insurance
Hello,
I have a company to secure long-term supply of Penn Treaty Network America Insurance.
Just listen, they have a B-minus financial strength rating.
If B-minus "bad"? Are there any statistics on the failure rate of B-firms with fewer courses in, say, 20 to 30 years?
B-Somebody knows how long they have been for himself? What is needed for an insurance company to improve its ranking? Where can I find this information?
Thank you!
Thursday, January 7, 2010
Penn Treaty Insurance About Long-term Care Insurance Company Financial Strength?
1 comment:
B-is good - means that the rating agencies Penn Treaty to consider in order to not get paid financially weaker than companies with better grades, that there is an increased risk of valid claims and / or significant increases in prices. This risk seems to have happened, because that Penn Treaty has for claims management and significant increases in the fees for existing policyholders pay criticized.
Long-term care insurance are provided by independent agencies, including AM Best, Duff and Phelps, rated by Standard & Poor's and Moody's. LTCI large companies like John Hancock, Genworth, MetLife, MassMutual has more powers agency of Penn Treaty.
If you've recently bought the Penn Treaty policy which may fall to a better society, but if you have had in recent years, the change in policy will be very expensive (unless, of course, Penn Treaty reinforces their rates on their Politics as others).
A painful lesson on why consumers should consult the advice of a carrier before you buy, not after. . . His agent ShoulderD gave this information even if no specific request, due to its financial strength is an important factor in the decision LTCI.
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