Any advice on how to answer the following question from a financial advisor? I'm talking with a client about Mutual of Omaha's ltc product in MO.
One client is 66, the other is 62. Isn't there a new rule like the rate stability act or something like that? I recall seeing a few references to it on prior threads.
Jim,
Please determine if any controls are in place to limit the amount a premium can increase. Also, how would benefits be adjusted if premium had price controls.
Best,
One client is 66, the other is 62. Isn't there a new rule like the rate stability act or something like that? I recall seeing a few references to it on prior threads.
Jim,
Please determine if any controls are in place to limit the amount a premium can increase. Also, how would benefits be adjusted if premium had price controls.
Best,