Can my insurance rates go up?

Yes, they can increase the rates if the:

• Increase keeps the plan solvent or financially viable based on the experience of all the policyholders and the potential for claims.
• Company expects fewer policyholders will lapse their policies and claims will increase
• Increase is approved by our actuaries
  

Do I have a choice if the increase is more than I can afford?

Yes. Depending on the amount of the increase, you may have several options:

• Reduce your daily benefit.
• Reduce the benefit period duration. For example - decrease the period from five years to two.
• Increase the elimination period.
• Reduce the amount of your optional inflation protection.
• Choose the contingent non-forfeiture option. This option allows you to keep your policy in force and stop paying premiums. Your coverage does not end and the company provides benefits for qualified long-term care services covered under your policy - equivalent to the premiums you’ve paid.
  

Updated 02/19/2013