New business rate adjustment on inflation riders. As we remain committed to the LTCi market, it’s imperative that we monitor emerging industry trends and market activity and take appropriate action as deemed necessary. Therefore, due to the low interest rate environment, effective February 1, 2012, we’re adjusting rates on all Mutual Care Plus and United LTCi Solutions inflation riders (including the FPO) on new business for states listed in this communication. As additional states approve the adjusted rates, you will be notified accordingly. View Details.
- States affected: Alabama, Arkansas, Arizona, Georgia, Idaho, Illinois, Iowa, Kansas, Kentucky, Maine, Michigan, Mississippi, Missouri, Montana, North Carolina, Nebraska, Oklahoma, Pennsylvania, South Dakota, Tennessee, Texas, West Virginia, Wisconsin.
- Changes from the initial announcement: Pennsylvania, Texas and Idaho were added to the initial rollout. North Dakota, New Hampshire and New Mexico were removed from the initial rollout and will be added in a future series of states (date yet undetermined).
Ways to dial down premium to make LTCi more affordable for your clients. Situation: Your client understands the need for LTCi, but feels the premium is too costly. He/she wants the policy, but can’t afford the premium. Learn more about what you can do to help your client. Sales Solution