Me again. I guess I do have an issue about which I'd appreciate your comments. I am not a full-time LTC agent, but I have sold a fair amount to existing clients, usually in conjunction with comprehensive retirement income plans. I usually start with Genworth, but have been turning more and more to Mutual of Omaha. I've sold a few John Hancocks along the way, usually because they couldn't qualify for Genworth, and this is the issue I'd like to discuss. What are you telling your Hancock about the pending applications for 40% rate increases in all states? I have one couple who picked it up in a newspaper article and asked about it, which was kind of embarrassing, since I don't believe Hancock notified me at all. Neither did my LTC brokerage.
What do you think are the prospects for this huge rate increase request? If you think it will be approved in most states, how do you plan to address it with your Hancock clients?
Thanks in advance for your comments, and Happy 2011!
Thanks for the kind welcome. As you probably know, downstate is a whole different animal compared to Chicagoland. I doubt I will ever have a reason to need help with any cases in Florida, but thanks anyway for the offer. I will look forward to future chats. Diane Lathrop