Arthur Rudnick
Guru
- 1,652
Posted on 03/01/11
"I wrote a Hancock LTC 1 year ago, on my father in law. I am told that of all the rate increases Hancock is applying for, policies written 2008 and later will not recieve an increase.
However, my FMO is telling me it is highly likely that the post- 2008 book of business will receive rate increases sometime in the not too distant future.
They are recommending I switch him to Mutual of Omaha. They suggest that the MoO LTC book of business probably won't get hit with similar rate increases.
Any thoughts on this?"
I have athought.......
I think your FMO should have waited 8 weeks until Mutual of Omaha raised their rates, so he wouldn't have come across looking like an ***.
What's Mr. FMO got to say for himself now?
"I wrote a Hancock LTC 1 year ago, on my father in law. I am told that of all the rate increases Hancock is applying for, policies written 2008 and later will not recieve an increase.
However, my FMO is telling me it is highly likely that the post- 2008 book of business will receive rate increases sometime in the not too distant future.
They are recommending I switch him to Mutual of Omaha. They suggest that the MoO LTC book of business probably won't get hit with similar rate increases.
Any thoughts on this?"
I have athought.......
I think your FMO should have waited 8 weeks until Mutual of Omaha raised their rates, so he wouldn't have come across looking like an ***.
What's Mr. FMO got to say for himself now?
