John Hancock is making new, temporary changes impacting applications with the long-term care (LTC) rider in Washington state:
- Beginning August 6, John Hancock will temporarily suspend all applications with the LTC rider in Washington. To meet the deadline, applications must be received in good order by the close of business on August 5. They expect to resume accepting applications for the LTC rider in Washington after November 1, 2021.
- In the meantime, from July 30 – August 5, for new application submissions, only illustrations with annual premium mode will be accepted when the LTC rider is elected in Washington. Their illustration system has been updated accordingly. Please contact National Sales Support to obtain a revised illustration for any mode other than annual on applications submitted prior to Friday, July 30.
As previously announced, the minimum face amount for all applications that include the LTC rider in Washington is currently $250,000