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Oct 19, 2021 • LTCI Partners

John Hancock News- 10/19/2021

 
 
 
                                                           
 
 
 

Product News

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

In late November, 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 March 1, 2022.

The 2019 rate action notifications will include John Hancock LTCI individual policies originally issued in Arkansas, Arizona and Nebraska.

The 2016 rate action notifications will include John Hancock LTCI individual policies originally issued in Minnesota. The 2016 rate action notifications will also include Fortis LTCI individual policies originally issued in North Carolina as well as the continued implementation of the 2016 rate increase for Fortis LTCI individual policyholders in Connecticut who received an initial “capped” or “phased-in” increase.

The 2013 rate action notifications will include the continued implementation of the 2013 rate increase for John Hancock LTCI individual policyholders in Maryland who received an initial “capped” or “phased-in” increase.

Important Reminder:

John Hancock has transitioned to electronic delivery of your Producer Notifications in September 2021. Producer copies will be available only through our e-Delivery Program. If you have not already registered, please sign up now to access insured notifications. You can review by visiting www.jhsaleshub.com and registering for access to your online documents to ensure you can view copies of the actual Policyholder Notification Packages.

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Written by LTCI Partners