Mutual of Omaha has filed rate increases in the states of Maine and Vermont. Approval is pending, and policyholders were to be notified of the adjustment request in August via letter.

Mutual of Omaha is implementing adjusted rates for new and in-force business for the 2010 Modernized Medicare supplement in Hawaii, Michigan, and Oregon—effective Oct. 1, 2022. A 1990 Standardized Rate Adjustment will be effective on Nov. 1, 2022, for Montana, and on Dec. 1, 2022, for Montana.

The 2023 Prescription Drug Plan enrollment kits can be pre-ordered starting Wednesday, Sept. 14, 2022. The pre-orders will be held and will not ship until Oct. 1, 2022. Contact Mutual of Omaha to order yours.

Lincoln Financial Group is implementing pricing decreases for its MoneyGuard Fixed Advantage® and MoneyGuard II® life insurance product offerings. The change is effective starting Monday, Sept. 12, 2022.

Genworth Financial has announced in-force rate increases in Iowa for its Choice 1 long-term care insurance product, and in Virginia for its Privileged Choice® and Classic Select® long-term care insurance products. Policyholders will begin being notified of these changes starting Sept. 20, 2022.

Genworth Financial has announced in-force rate increases in Alaska, Hawaii, and Ohio for its Privileged Choice® Flex long-term care insurance product. Policyholders will begin being notified of this change starting Sept. 13, 2022.

AM Best, the industry’s most prominent insurance rating agency, has upgraded ELCO Mutual’s financial strength rating from B to B+. With this upgraded rating, ELCO continues its commitment as a strong partner for policyholders and agents.

Effective June 27, 2022, the current crediting rate for ELCO Mutual Life & Annuity’s Flexible Premium Deferred Annuity (FPDA) will increase from 2.50% to 3.50% APY. This change affects new business and FPDA policies that went into effect from 2016 to 2022.

Effective June 1, 2022, ELCO Mutual Life & Annuity’s interest rates for Multi-Year Guaranteed Deferred Annuities (MYGAs) will once again increase. Interest rates will be updated for 3-year, 4-year, 5-year, and 10-year terms.

Effective January 1, 2022, ELCO Mutual Life & Annuity will be implementing changes to its Multi-Year Guaranteed Deferred Annuities (MYGAs). The new minimum premium requirement for this product will be $20,000 at one year and $10,000 at two years and beyond. This applies to both tax-qualified and non-qualified funds. Commissions and interest rates will also be updating.