August 16, 2012 – Click here for official Pru bulletin
NE, NJ) Policyholders to be Notified of ILTC1 Premium Rate Increase
Prudential Long-Term Care had announced last year its intent to file with state insurance regulators for a premium rate increase on ILTC1 long-term care insurance policies, its first generation product. A response was recently received from the states of Nebraska and New Jersey, permitting implementation of the change in premium.
At this time, we want you to be aware that we are preparing to mail notification letters to affected policyholders in the states of Nebraska and New Jersey on Monday, August 27, 2012. Copies of the letters will be sent to producers two days prior to the policyholder mailings. You are not required to take any action, but may do so at your discretion. The letter will include the new premium amount that will become effective on the next billing date following effective date of Thursday, November 1, 2012. Click below to see the full communication.
(NE) Policyholders to be Notified of LTC By Design Premium Rate Increase
Prudential Long-Term Care Prudential Long-Term Care had announced last year its intent to file with state insurance regulators for a premium rate increase on LTC By Design long-term care insurance policies, its second generation product. A response was recently received from the state of Nebraska, permitting implementation of the change in premium.
At this time, we want you to be aware that we are preparing to mail notification letters to affected policyholders in the state of Nebraska on Monday, August 27, 2012. Copies of the letters will be sent to producers two days prior to the policyholder mailings. You are not required to take any action, but may do so at your discretion. The letter will include the new premium amount that will become effective on the next billing date following the effective date of Thursday, November 1, 2012. Click below to see the full communication.