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John Hancock Rate Increase Update

Posted by LTCI Partners | Aug 21, 2020 4:33:06 PM
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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, 2021.


The 2019 rate action notifications will include John Hancock LTCI individual policies originally issued in Michigan, New Mexico and Wisconsin.


The 2016 rate action notifications will include John Hancock LTCI individual policies originally issued in Pennsylvania and the continued implementation of the 2016 rate increase for John Hancock LTCI individual policyholders in Wisconsin who received an initial “capped” or “phased-in” increase. Fortis LTCI individual policies originally issued in Delaware, Kentucky, Louisiana and Pennsylvania are also impacted.


The implementation of the 2013 rate increase will continue for Fortis LTCI individual policyholders in Michigan who received an initial “phased-in” increase.

 

 

See complete details

 

Topics: John Hancock

Written by LTCI Partners

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