LTCi Rate Increase Announcement
Based on our analysis, earlier this year we began seeking premium rate increases in certain states for our first generation Long Term Care Insurance business (policy series LS-0002 et al, issued prior to Feb. 3 2014). Agents with impacted clients will receive a notification via email once the rate increase receives state approval. We expect this process to be completed by the end of 2018.
The notification timeline for agents and policyholders is as follows:
- Agents — at least five days prior to policyholder notifications
- Policyholders — at least 45 days before the rate increase effective date
If you have any questions, please call LifeSecure’s Agent Support team at 866-582-7701.