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.

As noted on the August 28, 2017 bulletin, Alabama allowed the following second increase for New Jersey certificates, issued under a group master policy issued to a trust in Alabama, to be implemented beginning this year:

New Jersey
Product Series	Increase Percentage
Privileged Choice	30%
Classic Select	30%

This rate increase was filed and approved in accordance with the laws and regulations of Alabama in which these certificates were issued. The New Jersey Department of Banking and Insurance does not review rate increase requests in connection with an out of state group policy.

Communications Timeline
As with the 2017 implementation, servicing agents will receive a list of their impacted certificate holders one week prior to the start of certificate holder notifications. Certificate holder notifications will begin October 2, 2018 and will continue throughout the next year. Impacted certificate holders 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.

Certificate holders are encouraged to call our Customer Service Team at 877-710-0817. Our team will be able to answer questions and provide certificate holders with information about how they may be able to reduce premiums.
 

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

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