Carrier Announcements

LTCI In-Force Rate Adjustments Announced for Three States

March 14, 2023

Mutual of Omaha has announced in-force rate adjustments for certain LTCI policies in Colorado, Florida, and Missouri. The changes will go into effect on June 1, 2023.

LTCI In-Force Rate Adjustments Announced in Utah and Wyoming

February 15, 2023

Mutual of Omaha has announced in-force rate adjustments for certain LTCI policies in Utah and Wyoming. The changes will go into effect on May 1, 2023.

ELCO Mutual Announces MYGA Product Updates

February 2, 2023

Effective January 1, 2023, ELCO Mutual Life & Annuity has added a seven-year term for its Multi-Year Guaranteed Deferred Annuity (MYGA) product. The one- and four-year terms have been discontinued.

Lincoln Financial announces pricing improvements for MoneyGuard Fixed Advantage®

January 23, 2023

Effective Jan. 23, 2023, Lincoln Financial will be implementing pricing decreases to its MoneyGuard Fixed Advantage® product. The pricing improvements range from 0% to 14%.

LTCI In-Force Rate Adjustments Announced for Four States

January 20, 2023

Mutual of Omaha has announced in-force rate adjustments for certain LTCI policies in Maine, New Hampshire, New Mexico, and Ohio. The changes will go into effect on Apr. 1, 2023, with the exception of Maine, which will go into effect on May 1, 2023.

SecureCare III Price Improvement

January 17, 2023

Effective Jan. 23, 2023, Securian Financial has announced rates for SecureCare™ III will be reduced by 25 percent across all case scenarios in all states except AZ, CA, CT, DE, DC, FL, IN, MT, NJ, ND, NY, SC, and SD. SecureCare III is a long-term care (LTC) and nonparticipating whole life insurance policy.

Update for California EssentialLTC Applications

December 27, 2022

In order to comply with new requirements for Fraud Notice language, National Guardian Life (NGL) has announced an updated form required for all California EssentialLTC applications dated Jan. 1, 2023, and after. The new application will be available via the EssentialLTC Agent Resource Center starting Dec. 30, 2022.

Partnership Minimum Benefit Requirements Announced

December 19, 2022

Genworth Financial has announced that the minimum Partnership program benefits in four states (California, Connecticut, Indiana, and New York) will be changing for 2023. The changes go into effect on Jan. 1, 2023.

Genworth Announces In-Force Rate Increases in Pennsylvania

December 19, 2022

Genworth Financial has announced in-force rate increases in Pennsylvania for its Privileged Choice® Flex long-term care insurance products, effective Dec. 19, 2022. Policyholders will begin being notified of these changes starting Dec. 27, 2022.

LTCI In-Force Rate Adjustments Announced for Several States

December 15, 2022

Mutual of Omaha has announced in-force rate adjustments for certain LTCI policies in the District of Columbia, Kansas, Montana, Ohio, and Virginia. The changes will go into effect on Mar. 1, 2023, with the exception of Virginia, which will go into effect on Apr. 1, 2023.