GE Rate Increases Through 2029

[Arthur Rudnick]

GE expects $1.7 billion in rate increases for long-term care policies

 

[Allen Trent]

GE expects $1.7 billion in rate increases for long-term care policies

Let me guess, this is actually positive.

 

[Mr_Ed]

$1,700,000,000 increase
274,000 policyholders
equals an average increase of $600 per year per policyholder (over 10 years).
THE.SKY.IS.FALLING.

This is just the same old news.
Old policies are having big rate increases.
New policies already have the rate increases built into the premium.