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Too soon to tell. Really need 15 years at a minimum to gauge success. Need time to allow blocks of business to cycle through.
Is 13 years a long enough business cycle for you?
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Too soon to tell. Really need 15 years at a minimum to gauge success. Need time to allow blocks of business to cycle through.
Is 13 years a long enough business cycle for you?
What history are you looking at Arthur, the history of the failed regulation known as "Loss Ratio"?
Or are you looking at the history of policies regulated by the Rate Stability Regulations?
Based upon the history of the policies that have been issued under the Rate Stability Regulations, they have every reason to believe they will not have any premium increases.
So, which history are you looking at, Arthur?
I've been sharing the Rate Stability Regulations with consumers on a regular basis for the past six months.
What shocks me the most about this thread is that the consumers I've spoken with quickly grasp and accept the regeulations and they are more accepting of the regulations than the "LTCi specialists".
The state of California publishes a detailed guide of the rate increases for each company in each state (it even lists the policy series and when that policy series was first sold.)
The guides are NOT user-friendly.
It takes a lot of digging to find the information you need.
Long Term Care Insurance Rate History
... and for those who don't believe me (e.g. Arthur), nearly all of the premium increases are on policies that were issued BEFORE Rate Stability Regulations took effect in that particular state.
Happy Reading!
The personal worksheets I have seen do not match up with no rate increases on policies issued since these "rate stability regulations" have gone into effect.
It show rate increase on policy series that span years before and after they took effect.
That rate history link's really interesting. There aren't many companies left writing LTCi. It shows CNA as actively writing business. I thought they stopped writing LTCi years ago.
Is 13 years a long enough business cycle for you?