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Dec 21, 2021 • LTCI Partners

John Hancock Rate Increase News

Product News

Next round of in-force rate action notifications to take place 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, 2022.

The 2019 rate action notifications will include John Hancock LTCI individual policies originally issued in Minnesota, Nebraska, New York, Pennsylvania and Texas. The 2019 rate action notifications will include the continued implementation of the 2019 rate increase for John Hancock LTCI individual policyholders in Connecticut and Maine who received an initial “capped” or “phased-in” increase.

The 2016 rate action notifications will include John Hancock LTCI individual policies originally issued in Kansas, Ohio and Rhode Island.

The 2013 rate action notifications will include John Hancock LTCI individual policies originally issued in Rhode Island.

Important Reminder:

John Hancock transitioned to electronic delivery of your Producer Notifications in September 2021. Producer copies will be available only through our e-Delivery Program. If you have not already registered, please sign up now to access insured notifications. You can review by visiting www.JHSalesHub.com and registering for access to your online documents to ensure you can view copies of the actual Policyholder Notification Packages.

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Written by LTCI Partners