Talk of The Villages Florida - View Single Post - long-term care premium
Thread: long-term care premium
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Old 10-03-2012, 04:25 AM
Quixote Quixote is offline
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Originally Posted by Aurora View Post
Be thankful it's only 10%. I have had a LTC policy for 10 years (started it when I was 56) and I just received notice that the premium is going up 72%!!! I am still in shock. What happened to their promise " if you buy it when you are younger, you will have lower premiums"? Mine is John Hancock.
Wow.... We also have LTC insurance with John Hancock, and also for about ten years. We've never had a premium change in that time, and our most recent renewal was the past July. I too thought the premium was chiseled in stone for life once the application was approved. Afraid even to speculate what July 2013 will bring....