As a reminder, LifeSecure will temporarily suspend sales of its Long Term Care Insurance product in California for the individual LTCi market, effective June 1, 2016.
Applications for LifeSecure’s current individual LTCi product in California must be fully data-entered and submitted online no later than 8:59 p.m. PT (11:59 p.m. ET) on May 31. Sales of LifeSecure’s LTCi product in California’s individual LTCi market will cease on June 1 and no further individual applications will be accepted.
Earlier this year, we filed refreshed LTCi policy forms and applications in California with updated pricing that includes gender-based rates for the individual market, as well as new unisex rates for the multi-life (worksite) market. We will resume sales in California’s individual LTCi market once our new filing receives approval from the California Department of Insurance.
Please note:
- We will continue to offer our current LTCi product in the multi-life (worksite) market in California.
- We will continue to accept new applicants to existing association group programs during this time. However, we will not accept any new association group programs in California until we resume individual LTCi sales. During this phase, we will no longer allow any California applications for any future association groups until the new filing is approved.
- The decision to suspend individual LTCi sales in California does not impact our current individual LTCi policyholders in California.
- The decision to suspend individual LTCi sales in California does not impact LTCi sales in any other state.
Please click here to read our original announcement on the temporary suspension of our individual LTCi product in California, which includes additional details and important deadlines. If you have any questions, please contact our Agent Support care line at 866.582.7701.
For Agent Use Only. Not for solicitation purposes.
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