NGL EssentialLTC – WA Annual Premium Clarification

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Washington Annual Premium Minimum

As a reminder, there is a new annual premium minimum of $2,000 in effect for Washington state. To clarify what this means for different payment options, please see below for a breakdown of this minimum based on payment mode:

  • $2,000 – Annual Premium
  • $1,040 – Semi-Annual Premium
  • $540 – Quarterly Premium
  • $175 – Monthly Premium

Please note, the minimum annual premium for a joint application is only $2,000 total, not $2,000 per applicant. These minimums are only applicable to Washington applications and are only in place through November 1, 2021.

New Business
NGL is processing the influx of Washington business in a timely manner and has taken actions to protect our new business and underwriting capabilities for business submitted outside of Washington State.
 

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