Hello all!
I have a Genworth UL 30 year life policy. It's been 5 years now since I have it. For the last few months I'm receiving letters from different companies like LifeQuotes, trying to convince me leave Genworth and purchase new insurance from a different and more "reliable" company. It's all because Genworth's rating went down from A+ to B, B- (depends on the agency).
My question is obvious here: Is the drop in rating something to worry about? Should I listen to suggestions and leave Genworth?
Please advice me what to do, since Im not a life insurance specialist.
Thanks a lot!
M
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I have a Genworth UL 30 year life policy. It's been 5 years now since I have it. For the last few months I'm receiving letters from different companies like LifeQuotes, trying to convince me leave Genworth and purchase new insurance from a different and more "reliable" company. It's all because Genworth's rating went down from A+ to B, B- (depends on the agency).
My question is obvious here: Is the drop in rating something to worry about? Should I listen to suggestions and leave Genworth?
Please advice me what to do, since Im not a life insurance specialist.
Thanks a lot!
M
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