John Hancock: Newslink: Performance LTC Available in Six Additional States, and D.C., Effective August 17, and more
July 27, 2015
PRODUCT NEWS
Performance LTC — A New Approach to LTC
Insurance — available in six additional states and D.C.,
effective August 17, 2015
John Hancock is pleased to announce that Performance LTC – our
newest long-term care insurance product will be available in
six additional states: Arizona, Connecticut, Delaware, Florida, Indiana, and South Dakota; and the District of Columbia, effective August 17.
Click here for more details, including transition guidelines.
Performance LTC Premiums Now Even More Competitive
John Hancock is committed to continually looking at ways to ensure that our products are among the most competitive in the marketplace. As a result, we have changed our premium modal factors, resulting in lower premiums for customers paying on a monthly, quarterly, or semi-annual basis. Click here to learn
more.
Enhancements to JH LTC Illustrator
There will be user interface changes made to the JH LTC
Illustrator system effective August 17th. These enhancements
provide more flexibility and tools to support the sale of
Performance LTC. Check out the new features that you’re sure to appreciate.
Attend a Performance LTC Overview in July or
August
John Hancock has had an amazing response to the Performance LTC
overviews we’ve been conducting since we introduced the
product in March. If you haven’t had a chance yet to learn
more about this exciting new product, click on one of the
links below to sign up for a session before the summer ends.
Two New Performance LTC Brainshark Presentations Now Available
We have developed two new Performance LTC Brainshark presentations to provide you all the insights you need for successful sales.
The first, entitled “An Introduction to Performance LTC” (BSHARK-PLTC), is an overview of PLTC’s innovative product features.
The second, entitled “Performance LTC Customized Illustrations” (BSHARK-PLTCILL),
will show you how to create custom illustrations for the Performance LTC product.
John Hancock Withdrawing from Partnership
Programs in Connecticut and Indiana
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 long-term care insurance business in Connecticut and Indiana, we have made the difficult decision to discontinue sales of our Partnership individual long-term care insurance policies in those two states. Click here for
details and timing.
Next round of in-force rate action
notifications to take place in late August
In late August, we will begin policyholder notifications on the next round of John Hancock and Fortis policies impacted by the 2010 and 2013 in-force rate actions, which will have an effective date beginning with anniversaries on or after
November 1, 2015.
The 2013 rate action notifications will include John Hancock LTCI individual policies
originally issued in Georgia and Nevada. Also, we will continue the implementation in Colorado and Pennsylvania and begin notifications for additional products in those states. Fortis LTCI individual policies originally issued in Georgia, Iowa, Louisiana, Michigan, and South Carolina are also impacted. The 2010 rate action will include John Hancock LTCI individual policies originally issued in Oregon. Please click here for
complete details.
MARKETING NEWS
Performance LTC Recruiting Postcard
Use this postcard to generate interest and encourage firms and producers to learn more about Performance LTC. Postcard provides messaging that covers the competitive advantages of this groundbreaking product. The postcard (LTC-5682) can be customized with your contact information and will be printed for you to mail. Go to jhltc.com > Order Materials > search for LTC-5682 to get started.
CLAIMS NEWS
Process at a Glance Flier Available for LTC
Claimantso
The Process at a Glance flier is intended to provide claimants with a broad overview of the claims process, including requirements that must be satisfied to expedite reimbursement, as well as average processing times. It is
available on our consumer site, www.johnhancockinsurance.com.
CONTACT US
MGAs: 800-377-7311 Signator Investors, Inc: 888-604-7296 Broker/Dealers:800-270-1700
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.
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