Insurance Commissioner Dave Jones Announces Legislature Passes Major Long-term Care Insurance Reform

Originally Posted by scagnt83Image:


Im not advocating for the rate increases contrary to what it might seem like. But by offering a GR policy w/ no non-can options, the IC is basically saying that they dont know for sure what the future holds, and thats why they are leaving room for changes.​


As agents, we have to recognize this and communicate it effectively to our clients.
So, an applicant signs a form asking whether they could afford the premium if it jumps 20%?

Did John Hancock take that into consideration when they raised rates 50%-90%?

Or.................
Genworth announcing that they want to raise their rates on the "majority" of their older policies 50% over 5 years and "many" of their new generation policies by 25% over 5 years.
 
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