State: Pennsylvania City: Huntingdon Valley Clear all filters (1 of 14 reviews match)
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...
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Nov 2018, just received notice of 4th Genworth premium rate increase in nine years, bringing total increase to 90%. Am going to take "Pay nothing more" option as I have no faith that this sleazy firm will not continue to aggressively raise premiums or ever pay out a dime of benefits without a hassle.

The problem is that the only "benefit" we get is the cash value of our already paid premiums IF we ever successfully file a claim.

Since that day is likely to be 20 years down the road, and since Genworth is not going to credit us for the interest that money earns sitting in their investment account, we will be lucky if it buys 1 day of nursing home care when we need it. The right thing for Genworth to do is return the already paid premiums so that I can invest them against future needs.

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#842661 Review #842661 is a subjective opinion of poster.

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