The 2013 in-force rate action includes John Hancock LTCI individual policies originally issued in Colorado, Connecticut, and New Jersey. Also, we will continue implementation in Alaska, Arizona, North Dakota, Oklahoma, South Dakota, and Wisconsin and will begin notifications for additional products in those states. Fortis LTCI individual
policies originally issued in North Dakota and Wyoming are impacted.
The 2010 in-force rate action includes John Hancock LTCI individual policies originally issued in Colorado, Montana, and New Jersey. Fortis
LTCI individual policies originally issued in Virginia are impacted.
John Hancock regularly monitors our long-term care insurance product portfolio to ensure that it continues to meet the needs of our customers and distributors. After a thorough analysis of our New York long-term care insurance business, we have made the difficult decision to discontinue sales of our New York Partnership individual long-term care insurance
policies (Policy Forms: LTC-11 NYP and LTC-11 SGNYP) effective April 27th, 2015. Our LTC product portfolio is moving in a different direction than New York Partnership product requirements allow. Click here for
complete details.
MARKETING NEWS
Support materials during tax season
Now that tax season has arrived, John Hancock is prepared to support you with numerous materials that cover LTC insurance tax considerations. The tax guide (GFR-TX) and the prospecting brochure (LTC-4920) have been updated for 2015 and are available to order and download on jhltc.com. While you’re visiting jhltc.com, check out the Tax Center, Producer Support>Resource Centers for all available
materials.
Caregiver Support Services Update
John Hancock’s Caregiver Support Services program will continue
to offer the same benefits that it always has, through a new vendor. These benefits provide valuable support in the event that your clients find themselves in a caregiver role before they need care of their own. Click here for more information.
When you recommend LTC insurance to your client, it’s important
to consider the company that stands behind the coverage. This flier underscores John Hancock’s commitment to the industry, to you, and to the people we insure. It also summarizes our experience, claims paying track record, and financial strength. Click here to learn
more.
Our new Brainshark training module, LTC Underwriting Overview, Strengths, and the Process, will update you on the most recent changes to our underwriting procedures, as well as explain the value of our new approach to you and your clients. Click hereto view the Brainshark.
For your convenience, John Hancock is expanding eDocuments — our popular eDelivery service — to include electronic access to key post-issue policy documents, beginning in late March, 2015!
As a result, we will also discontinue producer mailings of the post-issue documents that are being made available through the eDocuments service.
For financial professional use only. Not for use with the public. Long-term care insurance is underwritten by John Hancock Life Insurance Company (U.S.A.), Boston, MA 02117 (not licensed in New York) and in New York by John Hancock Life & Health Insurance Company, Boston, MA 02117.
