Anyone have an opinion on MetLife's long-term insurance plan? Thanks.
What kind of long term insurance? Are you talking about long term care or something else?
randun, you asked: << Anyone have an opinion on MetLife's long-term insurance plan? >>If you're referring to LTC coverage, about all I can say is that I feel there are better out there. To find a good plan that fits YOU, have a list of what's important to you, prioritize that list and then have the agent show you and compare company contracts as to how they fit your list of issues and priorities.
TTR, what companies' LTC products do you think are good? Do you like Hancock's?
brewer12345, you asked:<< TTR, what companies' LTC products do you think are good? Do you like Hancock's? >>Yes. Personally, I like Hancocks LTC contracts . . . they're right there at the top.As usual, though I feel there are many good LTC products. Just which ones are "good" is, in my opinion, a function of how any one may particularly fit a person's priorities.How's that for a noncommittive answer? ;-)But I AM willing to be paid for my recommendations. <VBG>
Thanks. I'm not in the market (I feel I'm pretty safe at the ripe old age of 29). I'm an observer of the industry and I am somewhat skeptical of the product from the insurer's point of view. It always makes me nervous when competitors drop out of a market.
If you're referring to LTC coverage, about all I can say is that I feel there are better out there. While there are better policies out there, MetLife has a good product. And, they are one of the few companies that will most likely still be in the LTCI business 20 years from now. I would also estimate that they will be one of the only companies to not have significant premium increases over the next 6-12 months. Of course, that's because they are already about 20% above GE and Hancock and their underwriting is unbelievably tight.AT this point in time, I would not look far beyond GE, MetLife and Hancock for LTCI. This industry is getting a lot harder on the companies. Bob
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