In-Force Rate Actions Beginning in Late March
John Hancock will be notifying policyholders of Fortis and John Hancock policies impacted by the new in-force rate action rates in
late March with anniversaries effective on or after
July 1, 2020
For John Hancock policyholders in
New Jersey, North Dakota, and Oklahoma,
they will continue to receive the 2016 rate increase as long as they received an initial "capped" or "phased-in" increase.
For Fortis policyholders that have issued policies from
Arkansas, Georgia, North Dakota, and Oklahoma
, will be impacted by these new rates.
For John Hancock in
and Fortis policyholders in
will continue to receive the 2013 rate increase as long as the client received an initial "phase-in" increase.