Mass Mutual in-force rate increase pending

May 1, 2018

  1. ltcadviser
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    ltcadviser Guru

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    I was told mid-May. Well, now all the major UWs have made adjustments......
     
  2. Justin Bilyj
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    Justin Bilyj Guru

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    No one is safe!
     
  3. DHK
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    DHK "YOU CAN'T HANDLE THE TRUTH!"

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    The increase is still cheaper than owning the risk.

     
    DHK, May 1, 2018
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  4. ltcadviser
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    ltcadviser Guru

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    Up to 77% increase requested
     
  5. Justin Bilyj
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    Wow - wonder what the pricing for their next product will be like.
     
  6. scagnt83
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    scagnt83 Worldwide Expert of Everything

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    You think they will really stay in the business much longer? I've heard rumors they have plans to exit completely at some point in the next 5 years.
     
    scagnt83, May 17, 2018
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  7. Mr_Ed
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    Mr_Ed Guru

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    The 2013 policy forms are NOT getting the rate increase.

    Even if the full rate increase is approved, the new, higher premiums will still be lower than the premiums being paid by those who purchased the 2013 policy form.
     
    Mr_Ed, May 17, 2018
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  8. Justin Bilyj
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    Justin Bilyj Guru

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    If the 77% increase is granted - how does that compare to Genworth, JH, NWM, and MOO's previous rate increases?
     
  9. Justin Bilyj
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    Justin Bilyj Guru

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    What do they plan on doing? Their annuities suck, and their DI is so-so. Just life insurance?
     
  10. Mr_Ed
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    Mr_Ed Guru

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    Lower than most of Hancock's increases.
    About equal to most of Genworth's increases.
    Higher than NWM's increases, but that's because NWM was priced twice as high as MM from the get-go.
    Much higher than MOO's rate increases.
     
    Mr_Ed, May 17, 2018
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