LTC II with Shareability Option: New Pricing and Underwriting
LifeSecure’s new long term care insurance product –
LTC II with Shareability Option – was designed to reflect current economic realities and further refined based on decades of experience of the LTC insurance industry as a whole. The new product includes updates to our pricing and underwriting to create greater stability and strong risk protection.
Pricing Changes
Gender-based pricing for the individual market.
Adjusted pricing assumptions to more accurately
reflect today’s economic environment and industry
claim trends (based on up-to-date industry analysis).
Underwriting Updates
Refined underwriting practices that help create a
more stable risk-to-pricing balance, which allows
LifeSecure to offer strong, comprehensive LTCi
protection at competitive premiums.
New individual underwriting requirements include the
use of paramedical exams for applicants who haven’t
undergone an exam in the previous two years.
The enhancements included in LTC II with Shareability Option result in a strong product that will serve policyholders for years to come and give you, the agent, continued confidence
when recommending LifeSecure’s LTC solutions to your
clients. For more details, including transition instructions and deadlines, click here.
*Note: This announcement is not applicable for California. Please refer to our separate announcement specific to
