Long Term Care News Hancock Announces Gender Based Rates

Gender Based Rates
Beginning April 29, 2013 expect gender distinct rates on new sales of Custom Care III featuring Benefit Builder in 36 Compact states.  No impact on in force policies.  On average premiums for women will increase by 24% and premiums for men will decrease by 21%.  For married male/female couples (majority of sales) premiums will be mostly neutral, increasing about 1.5% on average.  Changes vary by issue age, benefit period and inflation option.