John Hancock – Long Term Care Updates

 

From John Hancock

Next round of in-force rate action notifications is 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, 2022.

The 2019 rate action notifications will include John Hancock LTCI individual policies originally issued in Illinois, Minnesota, Oklahoma, and Wyoming.

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

Important Update:

John Hancock will be transitioning 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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