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.

Connecticut has now allowed the following increases:

Connecticut
Product Series	Increase Percentage for Policies with Limited Benefit Periods	Increase Percentage for Policies with Lifetime Benefit Periods
PCS I	48.2% phased 14%, 14%, 14% cumulative	48.2% phased 14%, 14%, 14% cumulative
PCS II	30.6% phased 9.3%, 9.3%, 9.3% cumulative	30.6% phased 9.3%, 9.3%, 9.3% cumulative

This rate increase applies to Partnership and Non-AARP policies.
 
NOTE: The implementation of this premium increase is incremental to the premium increase currently being implemented in a phased manner.

For policyholders impacted by the previous phased premium increase announced on 8/1/16; the third phase of that increase will be implemented with the first phase of this new increase. Policyholder notifications will include information regarding this change and will include an updated schedule of phased premium increases. This approach was approved by the Connecticut Insurance Department.
 
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 will begin August 7, 2018 and will continue throughout the next year. Impacted policyholders will be notified at least 60 days in advance of their billing anniversary dates.

* If we have your email address on file, you will receive an agent notification through email. If you do not receive an email, you will receive a hardcopy notification in the mail.

NOTE: Policyholders currently on claim will still receive a rate increase notification. However, if they are on waiver of premium, the rate increase will not apply until the premium is no longer waived and becomes due.

Policyholders are encouraged to call Genworth’s Customer Service Team at 877-710-0817. Our team will be able to answer questions and provide policyholders with information about how they may be able to reduce premiums.
 
In-Force Rate Action Announcement: Connecticut (PCS I, PCS II)
 
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