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. Utah has now allowed the following increase: Utah Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS II 55% 72%       This rate increase applies to non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications
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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. Nevada has now allowed the following increase: Nevada Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS II 65.56% phased* 18.3%, 18.3%, 18.3% cumulative 82.93% phased* 22.3%, 22.3%, 22.3% cumulative       This rate increase applies to non-AARP, non-partnership policies only. * Excludes policies with Issue Ages 80+ Communications Timeline Servicing agents will receive a list of
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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. Arkansas has now allowed the following increase: Arkansas Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS II 25% 25%       This rate increase applies to non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications
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To help mitigate the impact of current and future planned premium increases, we are providing an additional coverage option for most of our PCS II policyholders to consider when faced with a premium increase. Beginning on and after November 12, 2018, the new Stable Premium Option Endorsement will be available in states where it’s allowed. This option provides a guarantee that the new premium associated with the Stable Premium Option will not increase until at least 2028, along with the following specific set of benefits1: A three-year benefit period for individual policies and a six-year benefit period for shared policies.
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