In late March, we will begin policyholder notifications on the next round of John Hancock and Fortis (Union LTCI) policies impacted by the in-force rate actions, which will have an effective date beginning with anniversaries on or after July 1, 2025.
The 2022 rate action notifications will include John Hancock LTCI individual policies originally issued in Georgia, Illinois, Indiana, Louisiana, Minnesota and New Hampshire. John Hancock will continue the implementation of the 2022 rate increase for John Hancock LTCI individual policyholders in Minnesota, Pennsylvania and Texas who received an initial “capped” or “phased-in” increase.
The 2019 rate action notifications will include John Hancock LTCI individual policies originally issued in New Jersey. John Hancock will continue the implementation of the 2019 rate increase for John Hancock LTCI individual policyholders in New Jersey who received an initial “capped” or “phased-in” increase.
John Hancock will continue the implementation of the 2019 rate increase for Union LTCI individual policyholders in Pennsylvania who received an initial “capped” or “phased-in” increase.
John Hancock will continue the implementation of the 2016 rate increase for John Hancock LTCI individual policyholders in California who received an initial “capped” or “phased-in” increase.
Please note: To view your clients' notification packages through our e-Delivery program, visit www.jhsaleshub.com and register for access to your online documents.
