John Hancock LTC Product News:

Next round of in-force rate action notifications to take place in late July

In late July, we will begin policyholder notifications on the next round of John Hancock and Fortis policies impacted by the in-force rate actions, which will have an effective date beginning with anniversaries on or after November 1, 2022.

The 2019 rate action notifications will include John Hancock LTCI individual policies originally issued in Alabama, Connecticut, Florida, Indiana, New Hampshire and South Carolina. John Hancock will continue the implementation of the 2019 rate increase for John Hancock LTCI individual policyholders in Illinois who received an initial “capped” or “phased-in” increase.

The 2016 rate action notifications will include John Hancock LTCI individual policies originally issued in Colorado. John Hancock will continue the implementation of the 2016 rate increase for John Hancock LTCI individual policyholders in Illinois, Maryland, North Carolina and Vermont who received an initial “capped” or “phased-in” increase. John Hancock will continue the implementation of the 2016 rate increase for Fortis LTCI individual policyholders in Idaho and Minnesota who received an initial “capped” or “phased-in” increase.