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Re: Kanawha Insrance Company

Posted by Ken Urban, CLTC on August 07, 2001 at 16:43:14:

In Reply to: Kanawha Insrance Company posted by Alvin Combs on August 01, 2001 at 16:49:03:

: Has anyone heard of the Kanawha Insurance Company in SC. I have a GE policy but an agent called me just a few minutes ago and said he could write me with Kanawha for $112 a month for a $140 a day home/nursing home, 90 day wait, 5 % compound inflation and lifetime coverage. Is this a Penn Treaty type company. How long has Kanawha been selling LTC insurance. What are Kanawha's ratings.

I do not know if you got my original posting, so here goes: Kanahwa is a good old conservative company. When I say conservative, I am refering to their underwriting. There are of course very large insurance companies that also underwrite LTC insurance, but some of them have too liberal in their underwriting and THAT is what gets them into trouble.

Kanawha is under a Bilion dollars, but they do pay their claims and will continue to do so.
Please do not worry about their financial future !

My advise is to ask your agent the following:
1. How many companies does he/she represent ? It sould be 6+.

2. Ask your agent what percentage of their time is spent on LTC insurance ? It should be as close to 100% as possible.

3. Does your agent have the CLTC designation ? CLTC is the ONLY designation that has anything to do with long-term care insurance.

After taking (and passing) the 3 question test, try listening to your agent as that person is more qualified than 99% of most internet hacks !

Follow Ups:

Re: Kanawha Insrance Company Steve Eads, CLU 09:54:22 08/08/01 (0)
I Qualify, but I still don't recommend Kanawha Scott A. Olson 21:04:02 08/07/01 (0)

Re: Kanawha Insrance Company : : Has anyone heard of the Kanawha Insurance Company in SC. I have a GE policy but an agent called me just a few minutes ago and said he could write me with Kanawha for $112 a month for a $140 a day home/nursing home, 90 day wait, 5 % compound inflation and lifetime coverage. Is this a Penn Treaty type company. How long has Kanawha been selling LTC insurance. What are Kanawha's ratings. : : I do not know if you got my original posting, so here goes: Kanahwa is a good old conservative company. When I say conservative, I am refering to their underwriting. There are of course very large insurance companies that also underwrite LTC insurance, but some of them have too liberal in their underwriting and THAT is what gets them into trouble. : Kanawha is under a Bilion dollars, but they do pay their claims and will continue to do so. : Please do not worry about their financial future ! : My advise is to ask your agent the following: : 1. How many companies does he/she represent ? It sould be 6+. : 2. Ask your agent what percentage of their time is spent on LTC insurance ? It should be as close to 100% as possible. : 3. Does your agent have the CLTC designation ? CLTC is the ONLY designation that has anything to do with long-term care insurance. : After taking (and passing) the 3 question test, try listening to your agent as that person is more qualified than 99% of most internet hacks !

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