Planning Tips and Carrier News for Advisors 

John Hancock- In-Force Rate Action

Posted by LTCI Partners | Feb 26, 2020 10:29:09 AM

 

 

 

 

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

 

Topics: John Hancock

Written by LTCI Partners

Leave a Comment