As I have mention my bro in law has dementia.
He has 2 Long term care policies.
So he should have enough money to care for himself.
But
Genworth has a 45% shot to go bankrupt.
John Hancock has a 55% shot to go bankrupt.
The fed may be bailing out long term care companies with these rate raises.
genworth prediction of bankruptcy
https://www.macroaxis.com/invest/ratio/GNW/Probability-Of-BankruptcyJohn Hancock prediction of bankruptcy
https://www.macroaxis.com/invest/ratio/BTO/Probability-Of-BankruptcyHere in the states a lot of money goes to these companies.
the ratings are based on dec 2021 data and interest rates were small
with all the rate raises then companies will most likely not go bankrupt.
Lets say your policy has a 3.9% inflation clause and you are sick and collecting it.
Well unless rates are 5%. the company will take a hit.
So in 2021 dec rates were low
now they are not.
this helps these companies bigly.
and nursing home deaths were brutal in
2020 and 2021
that helped these companies bigly.
Just tossing this out there.
Based on fed rates will go to 4.5 5,.0 and maybe freeze or go up to 5.25.
All of the above would save these companies.
Poll
