Upcoming rate adjustment for Med Supp
Effective November 1, there will be a rate adjustment for Med Supp policies underwritten by Lumico Life Insurance Company (Lumico) and Elips Life Insurance Company (Elips Life).
For Lumico states (IL and TN)
- No new policies will be underwritten by Lumico in IL and TN. Policies in these states will continue to be underwritten by Elips Life.
For Elips Life states (IL)
- New policies will continue to be underwritten by Elips Life in IL. Please note the following cut off dates:
- Applications signed on or after 10/1/23, with a requested effective date on or after 11/1/23, will be subject to the new rate.
- Applications signed on or before 9/30/23, with a requested effective date on or after 11/1/23, will receive the current rate.
Lumico Medigap Solutions Team
Lumico — Insurance Made Clear.