John Hancock to Discontinue Individual LTC Sales

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Following a recent trend in the LTC insurance market, John Hancock has elected to discontinue sales of their individual LTC policies in all states. The carrier cites economic trends and a shrinking demand for LTC insurance as their reasoning behind the decision.

For any producers hoping to have John Hancock LTC policies issued prior to this discontinuation, there are a few important dates to be aware of. December 2, 2016 will be the last day to submit applications that are “in good order.” December 16, 2016 will be the last day to complete paramed exams and February 10, 2017 will be the last date in which policies will be issued or paid.

If you have any questions about this change, please contact our Long-Term Care Specialist, Kandi Williams at 678-252-1728 or kandi@milnergroup.com

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