As we've long noted, Long Term Care insurance rates have been headed ever higher. While John Hancock may have led the charge, other carriers haven't been lagging, and now MassMutual is set to raise new business rates in a few days. From email:
"Effective March 1, Illinois, Ohio, Puerto Rico and Vermont will be added to the list of jurisdictions approved for the SignatureCare® 500 long-term care insurance (LTCi) updated rates"
There doesn't seem to be a specific percentage available at this time. We'll update this post if that changes.
Oh, the message?
If you're thinking about buying Long tern Care insurance, don't wait too* long to make up your mind. It'll cost ya.
"Effective March 1, Illinois, Ohio, Puerto Rico and Vermont will be added to the list of jurisdictions approved for the SignatureCare® 500 long-term care insurance (LTCi) updated rates"
There doesn't seem to be a specific percentage available at this time. We'll update this post if that changes.
Oh, the message?
If you're thinking about buying Long tern Care insurance, don't wait too* long to make up your mind. It'll cost ya.
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