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, 2020.

The 2016 rate action notifications will include John Hancock LTCI individual policies originally issued in New Hampshire, West Virginia and Wisconsin. Fortis LTCI individual policies originally issued in New Mexico, South Dakota and Wyoming are impacted.

The implementation of the 2013 rate action will continue for John Hancock LTCI individual policies issued in Wisconsin and for Fortis LTCI individual policies issued in Michigan for policyholders who received an initial ‘phased-in’ rate increase.

New Options Available to Mitigate Rate Increase

John Hancock will begin offering two new options to Long-Term Care Insurance policyholders to mitigate the effects of the 2016 rate action – the innovative Shared Cost Option and the Paid-Up Policy Option. For more details, click the button below or visit jhsaleshub.com.