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

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. Kentucky has now allowed the following increases: Kentucky Non-AARP Product Series Increase Percentage Privileged Choice 35% Classic Select 35%   Kentucky Non-AARP Product Series Increase Percentage Privileged Choice 41.84% phased 20%, 18.2% cumulative Classic Select 41.84% phased 20%, 18.2% cumulative   This rate increase applies only to policies that include a simple or compound Benefit Increase Option (BIO). Communications Timeline Servicing agents will receive a list
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Categories: Genworth, Industry News, and Long-Term Care.