JOHN L.
Doubling My Premium
I purchased long term care insurance from Genworth about 5 years ago when it was recommended by AARP. This year I was hit with a 95% increase in premium. Customers in other states have had even higher increases. I can understand an increase, but almost doubling is unacceptable and sounds like bad management. If I had it to do over, I would choose LTC that functions like Universal life where you can "pay off" the policy.