Updated Home Health Care Select Agent Guide

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The Agent Guide for ManhattanLife’s Home Health Care Select product has recently been updated. Several Q & As have been added to the Rates section, including:

  • Age Used To Determine Rates: When a quote is prepared in the system, the rate is based on the applicant’s age as of the application submission date. If the policy is then issued, this will be the rate paid by the policyholder until the next rate increase.
  • Effective Date For Rate Increases: When a client moves from one age band to another (e.g., 65 to 69 moving to 70 to 74), the rate increase will take place on the policyholder’s next policy anniversary month after moving into the higher age band.
  • Rate Increase Notification Process: Rate increase letters are sent to policyholders when they move up to the next higher rate band and are subject to a rate increase on their next policy anniversary month. Depending on state requirements, this correspondence will be sent to the insured 30-60 days prior to the new rate’s effective date.

Click below to view/download for the updated Home Health Care Select Agent Guide:

Updated HHC Select Agent Guide

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