Never miss any update

Subscribe to the Planning Tips and Carrier News for Advisors newsletter today to receive updates on the latest news from our carriers.

Your privacy is important to us. We have developed a Privacy Policy that covers how we collect, use, disclose, transfer, and store your information. 

Feb 26, 2020 • LTCI Partners

John Hancock- In-Force Rate Action

 

 

Product News

Next round of in-force rate action notifications to begin in late March

In late March, 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 July 1, 2020.

We will continue the implementation of the 2016 rate increase for John Hancock LTCI individual policyholders in New Jersey, North Dakota and Oklahoma who received an initial “capped” or “phased-in” increase. Fortis LTCI individual policies originally issued in Arkansas, Georgia, North Dakota and Oklahoma are impacted.

The implementation of the 2013 rate increase will continue for John Hancock LTCI individual policyholders in Maryland and for Fortis LTCI individual policyholders in Illinois who received an initial “phased-in” increase.

 

 

See Complete Details

 

Written by LTCI Partners