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.
The NAIC Shopper’s Guideprovides consumers with what they need to know about LTC insurance, from assessing their need to purchasing the right policy, and is required for all LTC sales. The most current guide the NAIC has released is the 2013 version and it is available to download and order (LTC-1059) on www.jhltc.com.
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.
NEW BUSINESS NEWS
New Process for Bank Draft Authorization
John Hancock has established a new notification step to help
set your client’s expectations regarding the timing of a
bank draft deduction. We are adding a reminder to the new
business set up to ensure the producer authorizes bank draft
cases. This allows you an opportunity to notify your clients
of approval – so that they are aware when the first premium
will be deducted from their account. You simply need to
notify your case manager when the time is appropriate to
deduct. There is no paperwork required.
If you have any questions, please contact your case manager or speak to a New Business representative at 800-377-7311. Please note: the bank draft authorization may be provided to your case
manager at any point during the new business process.
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 here to view
the Brainshark.
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.
You may not modify, remove, or otherwise alter information contained in, or linked from this newsletter, nor include any new material items, or statements without the express written approval of John Hancock.
