Quote:
Originally Posted by Bryant
I've had my John Hancock LTC policy since 2001. First increase was in 2009 at 18%. Just received my increase the other day of 57.65% with the same option of decreasing my yearly inflation of 5% to 3.2% with no increase in premium. I guess I will opt for that but what's to stop them from increasing me again next year, resulting in my throwing away another year's premium. I am afraid at some point, I may have to cancel. Would hate to do that since I've had it so long.  |
Oh my gosh, I'm seeing the pattern here. Like Jim said above, "Increases seem to come higher and faster the older you get until premiums are so high you have to drop coverage about the time you statistically really need the benefits."