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John Hancock Rate Increase News

Posted by LTCI Partners | Dec 20, 2019 12:26:00 PM

 

Product News

Next round of in-force rate action notifications to begin in late January.

In late January, 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 May 1, 2020.

We will continue the implementation of the 2016 rate increase for John Hancock LTCI individual policyholders in Connecticut, New Jersey and Pennsylvania who received an initial “capped” or “phased-in” increase.

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.

 
 
 
 
 
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Topics: John Hancock

Written by LTCI Partners

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