> PCS II with Stable Premium Option

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.

Missouri has now allowed the following increases:

Missouri
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 will begin June 25, 2019 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.
 
In addition, with this premium increase, eligible  PCS II policyholders may consider the Stable Premium Option to ensure no additional rate increases until at least 2028. This option includes a specific set of benefits shown in their premium increase notification.
See the Stable Premium Option bulletin dated November 12, 2018 for details.
 
This premium increase includes the Limited Benefit with Payment for Partial Policy Disposition option as an additional choice for eligible policyholders to consider if they choose to pay nothing more. It allows the policyholder to keep benefits equal to 50% of their premiums paid (to include care coordination) and receive a payment equal to the remaining 50% of their premiums paid. Any claims paid to date are subtracted from the total premiums paid prior to calculating the remaining benefits and payment.
 

Policyholders are encouraged to call our Customer Service Team at 800-883-1127. Our team will be able to answer questions and provide policyholders with information regarding the Stable Premium Option and other ways they may be able to reduce premiums.
 

In-Force Rate Action Announcement: Missouri (PCS II)
 

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