Talk of The Villages Florida - View Single Post - John Hancock LTC premium increase
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Old 08-20-2012, 12:33 PM
Aurora Aurora is offline
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Join Date: Sep 2007
Location: Middle of Ga, Villages
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Well, I just received notice that my premiums will increase 72%. They give options of reducing the inflation factor from 5% to 3%, reducing the daily benefit amount, reducing the benefit period, or increasing the elimination period. Bottom line, pay more for what I signed up for in 2002 at age or keep my current premium amount for less benefits. It's a lose/lose proposition. Guaranteed renewable for life - if one can afford it.