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Aug 28, 2018 • LTCI Partners

John Hancock Rate Action Updates

John Hancock LTC Newslink

 

August 24, 2018
 

PRODUCT NEWS
   

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


In late September, 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 January 1, 2019.

The 2016 rate action notifications will include John Hancock LTCI individual policies originally issued in Alaska, Maryland, Michigan, Nebraska, North Dakota, South Dakota and Wisconsin. Also impacted are individual Interstate Compact approved policies in Idaho, Iowa and Washington. We will continue the implementation of the 2013 rate action for John Hancock LTCI individual policyholders in Illinois who have received an initial “phased-in” increase.

See complete details.
 
 


 
 


 
   
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Long-term care insurance is underwritten by John Hancock Life Insurance Company(U.S.A.), Boston, MA 02210 (not licensed in New York) and in New York by John Hancock Life & Health Insurance Company, Boston, MA 02117.

 

 

 

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Written by LTCI Partners

One of the greatest risks to a confident retirement is healthcare. At LTCI Partners, we provide insurance solutions to help advisors and their clients manage this risk.

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