In-Force Rate Action Announcement: Maine (Privileged Choice® and Classic Select®)

As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Maine has now allowed the following increases: Maine AARP Product Series Increase Percentage Privileged Choice 26.3% Classic Select 26.3%     Maine Product Series Increase Percentage Privileged Choice 26.8% Classic Select 26.8% This rate increase applies to policies issued from Oct 1, 2004 through Dec 1, 2011     Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week
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Categories: Genworth, Industry News, and Long-Term Care.