Planning Tips and Carrier News for Advisors 

John Hancock Rate Action Updates

Posted by LTCI Partners | Aug 28, 2018 2:15:13 PM
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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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Topics: John Hancock

Written by LTCI Partners

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