In intend to pursue a class action suit on behalf of Genworth longterm policy holders.
They have misrepresented the product. Most of us believed the rate was fixed over the term of policy as long as you kept payments up to date.
As we all know Genworth has increased their rates.
Genworth's actuaries made a huge miscalculation of term rates years ago and they want us to pay for Genworth's mistake.
This is not fair.
Who would buy an insurance policy without knowing what the short and long term cap rates were? Would anyone really buy a long term policy that would allow an insurance company to determine any rate they wanted each and every year?
If you are interested in joining a class action suit (especially if you are from Pennsylvania) please feel free to contact me ASAP at firstname.lastname@example.org
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