Compass

John Hancock InForce LTC Update (12/28/18)

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, 2019.

The 2016 rate action notifications will include John Hancock LTCI individual policies originally issued in Georgia, Louisiana, Missouri, New Jersey, Ohio, Pennsylvania and Wisconsin. Also impacted are individual Interstate Compact approved policies in Tennessee. We will continue the implementation in Connecticut for John Hancock LTCI individual policyholders who have received an initial “phased-in” increase. The implementation of the 2013 rate action will continue for John Hancock LTCI individual policies in California and Maryland and for Fortis LTCI individual policies in Illinois and Minnesota for policyholders who have received an initial “capped” or “phased-in” increase.


See complete details.