In late November, 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 March 1, 2024.
The 2022 rate action notifications will include John Hancock LTCI individual policies originally issued in South Dakota and Wisconsin.
The 2019 rate action notifications will include John Hancock LTCI individual policies originally issued in Montana. John Hancock will continue the implementation of the 2019 rate increase for John Hancock LTCI individual policyholders in Iowa 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 Maryland, Minnesota and North Carolina who received an initial “capped” or “phased-in” increase.
John Hancock will continue the implementation of the 2016 rate increase for Union LTCI individual policyholders in Florida who received an initial “capped” or “phased-in” increase.
Please note: Producer notification packages are no longer available. You can now view your clients' notification packages through our e-Delivery program by visiting www.jhsaleshub.com and registering for access to your online documents.