Replies to post #868 on Genworth Financial Inc (GNW)

[80857]

Actually I am broker for last 25 years . I have nothing against Genworth and
There are lots of good agents.

They sure blew it with PMI
Insurance in housing bubble.

LTC hurting them.

Halted insurance sales.

The ultra low interest rates environment is hurting all insurance companies general account as bonds are the mainstay. Rates are anchored
By other developed nations look
At 10 year rates for Germany .26
France .46 japan is negative. We are 1.75

And for shits and giggles you now have to deal with the DOL fiduciary
rule. That is going to slow down new
Annuity sales.

It is going to be an uphill battle for the
Banks and financial services companies.

Then there is the confidence factor if you ever look at the company history
You probably would be reluctant to do business with them.

First thing you learn in business
never rely on someone who says trust me!