2010 RATE ACTION NEWS
In-force rate action on certain policies in Hawaii, Iowa, Texas and Virginia as well as in previously announced states
This is a reminder that we will begin policyholder notifications of in-force rate actions on certain John Hancock and Fortis LTC insurance individual policies in late February. Included in this round are states that were previously announced wherein the products have been converted to our new administration system. Read this article for state-specific details, implementation timelines and tools to help you through this process.
MARKETING NEWS
Reminder: Save the date for our LTC Quarterback Call on January 24th
Mark your calendar to join us on Tuesday, January 24, 2012, from 2-2:30 p.m. EST, for the latest John Hancock LTC update. Please click here to register now. And, if for some reason you miss the call, our On Demand functionality will allow you to listen to the full recording at your convenience. Stay tuned for details in next week’s issue.
Reminder: Our “12 for 12” Campaign is on its way
Our new “12 for 12” campaign is a monthly newsletter dedicated to helping you develop your LTC business and will kick-off next week. The campaign focuses on providing you with a value-added idea to help build your long–term care insurance business throughout 2012 and beyond. So, watch your email!
Reminder: John Hancock announces results of LTC knowledge survey
John Hancock’s ongoing effort to understand the challenges facing Americans when it comes to long-term care (LTC) planning continues with the release of our 2011 LTC Consumer Survey. Conducted by a leading research company based in Washington, DC, the survey looked at a sample of 1,000 Americans between the ages of 21-75. Some of the more interesting findings include the following:
- 82% agreed that it is irresponsible not to plan for the cost of LTC needs, yet only 11% have a policy
- 62% cited LTC insurance as the best way to prepare for future LTC needs, but approximately one-third responded that they are less likely to purchase a policy due to the current economy.
For more information regarding results, please read the attached press release sent to the national media last week, along with a copy of our survey summary.
PARTNERSHIP NEWS
New consumer materials for Partnership now available in Compact States
The following LTC Partnership Program materials are now available on www.jhltc.com to help you in your Partnership Prospecting efforts.
Reminder: Partnership benefit minimums for 2012
The 2012 minimum benefit levels are now available for Connecticut, Indiana and New York Partnerships.