Happy 1st Birthday to Performance LTC Policies
John Hancock is celebrating a big milestone. Performance LTC’s first policies are now a year old. And that means policyholders will be receiving their first Annual Statements – and their first Flex Credits. As we approach this anniversary, you may wonder how Performance LTC performed relative to our initial expectations.
In the first year, both the Insurance Credit and the Interest Credit have been in line with our original assumptions. This means that Performance LTC policies are performing as expected.
Policyholders can see their Flex Credits, as well as the most recent Declared Rate, in their annual statements. Their statements will also include an updated in-force illustration reflecting John Hancock’s current experience and our best estimates for future performance.
We are excited to be sharing this news with you as we enter our second year of bringing our innovative product, Performance LTC, to the long-term care insurance market.