Upcoming Lumico Med Supp rate adjustment on 11/1

Lumico - Insurance Made Clear banner image

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.

Thank you!
Lumico Medigap Solutions Team
 

Lumico — Insurance Made Clear.

Lumico Logo
 

#goldencareagent
#lumico