The 2013 in-force rate action includes John Hancock LTCI individual policies originally issued in Maine, Montana, Oklahoma, and Washington state.
Fortis policies or policies impacted by the 2010 in-force rate
action are not included in this round. However, we will
continue to notify those impacted policies and policyholders
from previously announced rounds, as applicable.
The Internal Revenue Service (“IRS”) has announced its annual
cost-of-living and inflation adjustments for 2015. Tax laws
require the IRS to adjust the dollar amounts of dozens of
tax provisions each year to account for inflation, including
adjustments for eligible long-term care insurance (“LTCI”)
premium deductions. Read this flierfor more information.
MARKETING NEWS
LTC Awareness Fliers now available to download
LTC Awareness Month is now behind us, but it’s always important
to think about long-term care insurance. We have adapted our
Awareness fliers so that they can be used year-round. You
can find these pieces (LTC-5702 A, B, C, D) on JHLTC.com,
using the path Marketing Materials > Education & Awareness.
Updated Sponsored Group Consumer Materials now available in Hawaii
If you’re looking for new LTC insurance sales opportunities, it
may be time for you to enter the worksite and affinity group
marketplace.
John Hancock is prepared to support your efforts by providing
you with updated consumer marketing material for the
Sponsored Group Discount Program, now available in Hawaii.
Click here for a list of materials for Employer and Affinitymarkets.
A changing LTC insurance environment requires strong
leadership. Clickhere for a flier that highlights the reasons you should consider partnering with John Hancock to expand your business.
NEW BUSINESS NEWS
New Process for Bank Draft Authorization
Based on producer feedback, a new notification step has been established to help set your client’s expectations when a bank draft deduction will occur. A reminder is being added to the new business set up to ensure the producer authorizes bank draft cases. This allows you an opportunity to notify your client of approval – so the client is 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.
Please reach out to your case manager or speak to a New
Business representative at 800-377-7311 with any questions.
Please note: the bank draft authorization may be provided to
your case manager at any point during the new business
process.
John Hancock Insurance has partnered with a national CE vendor
to provide you with 24/7 online access to insurance
certification, designation, and continuing education courses
at a discounted rate. The Continuing Education Portal
is mobile-friendly, available in all 50 states, and includes
such convenient features as instant grading, next day state
reporting and processing, unlimited exam retakes, and live
Customer Support. Click this article
for complete details.
Updated applications and product marketing materials will be
available to order on January 1, 2015, reflecting the 2015
minimum benefit levels for Connecticut, Indiana and New York
Partnerships. Read this
article for complete details.
*Please note: John Hancock discontinued sales of its California
Partnership Long-Term Care insurance product effective
September 16, 2013.
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.
