Lincoln Benefit Life Company
Policy Forms: LB-6301 and LB-7000 (SERFF: LTCG-134526126)
Approved the following:
15% rate increase for policies under form LB-6301
15% rate increase for policies under form LB-7000
The Company originally requested :
382% increase for policies under form LB-6301
360% increase for policies under form LB-7000
Approved: 11/18/2025
Proposed Effective Date: The rate increase will apply to policies on their policy anniversary date following at least a 60-day policyholder notification period after approval.
Mutual of Omaha Insurance Company
1. Policy Forms: ICC13-LTC13, ICC13-LTC13-AG (SERFF: MUTA-134386761)
Approved: 14.6% average rate increase for all policies .
The Company originally requested: 33.8% average rate increase, varying by benefit period, and inflation option for all policies.
Approved: 8/15/2025
Proposed Effective Date: The company anticipates that the rate increase effective date will be 2/1/2026, but this date is subject to administrative capacity and other factors.
Transamerica Life Insurance Company
1. Policy Forms: ICC13 TLC-4 (SERFF: AEGB-134419081)
Approved: 15% rate increase for all policies.
The Company originally requested: 52.1% rate increase, phased in over three years at 15% each year, for all policies.
Approved: 7/24/2025
Proposed Effective Date: The increase for any policyholder will not become effective until a period of one year has elapsed since the previously approved rate increase effective date, if applicable.
Metropolitan Life Insurance Company
1. Policy Forms: G.LTC1697, G.LTC5398, G.LTC5498 (SERFF: META-134402712)
Approved: 24% rate increase, phased in over two years at 15% in year one and 7.8% in year two, for all policies.
The Company originally requested a one-time increase of 24.04% for all policies.
Approved: 7/23/2025
Proposed Effective Date: The rate increase will apply to certificate holders on the anniversary of their original coverage effective date, following at least a 60-day notification period after the increase is approved.
Massachusetts Mutual Life Insurance Company
1. Policy Forms: MM500-P-MD et al. , MM501-P-MD et al., MM500-P-1-MD et al., MM501-P-1-MD et al. (SERFF:MILL-134227493)
Approved: 23.7% rate increase for all policies, phased in over two years at 15% in year one and 7.5% in year two.
The Company originally requested: an average of 89.2% rate increase, varying by inflation options.
Approved: 6/11/2025
Proposed Effective Date: On the next policy anniversary date, following at least a 60-day policyholder notification period.
2. Policy Forms: MM-200-P-MD et al. , MM-300-P-MD et al., MM-400-P-MD et al. (SERFF:MILL-134260575)
Approved: 52.1% rate increase for all policies, phased in over three years at 15% each year.
The Company originally requested: an average of 280% rate increase, varying by inflation options.
Approved: 6/11/2025
Proposed Effective Date: On the next policy anniversary date, following at least a 60-day policyholder notification period.
John Hancock Life Insurance Company
1. Policy Forms: ICC10-LTC-11 (SERFF: MULF-134379510)
Approved: 7.5% rate increase for all policies
The Company originally requested: an average of 41.8% rate increase, varying by inflation option and ranging from 39.4% to 55.5%
Approved: 5/20/2025
Proposed Effective Date: On the next policy anniversary date, following at least a 90-day policyholder notification period.
2. Policy Forms: LTC-03 MD 6/10 (SERFF: MULF-134379156)
Approved: 12.5% rate increase for all policies
The Company originally requested: an average of 41.9% rate increase, varying by inflation option and ranging from 37.8% to 56.3%
Approved: 5/20/2025
Proposed Effective Date: On the next policy anniversary date, following at least a 90-day policyholder notification period.
3. Policy Forms: LTC-06 MD (SERFF: MULF-134243022)
Approved: 15% rate increase for all policies
The Company originally requested: an average of 42.9% rate increase, varying by inflation option and ranging from 39.3% to 79.4%
Approved: 5/20/2025
Proposed Effective Date: On the next policy anniversary date, following at least a 90-day policyholder notification period.
4. Policy Forms: LTC-03 MD 1/08 (SERFF: MULF-134242042)
Approved: 15% rate increase for all policies
The Company originally requested: an average of 35.0% rate increase, varying by inflation option and ranging from 23.1% to 48.7%
Approved: 5/20/2025
Proposed Effective Date: On the next policy anniversary date, following at least a 90-day policyholder notification period.
5. Policy Forms: LTC-02 MD, BSC-02 MD (SERFF: MULF-134234448)
Approved: 15% rate increase for all policies
The Company originally requested: 121.6% rate increase for all policies
Approved: 5/20/2025
Proposed Effective Date: On the next policy anniversary date, following at least a 90-day policyholder notification period.
6. Policy Forms: LTC-96 MD 9/96, LTC-96 MD 3/97, LTC-96CL MD 9/96, LTC-96CL MD 3/97, NH-99 MD 4/99, LTC2000 MD 4/00 (SERFF: MULF-134233196)
Approved: 15% rate increase for all policies
The Company originally requested: 108.1% rate increase for all policies
Approved: 5/20/2025
Proposed Effective Date: On the next policy anniversary date, following at least a 90-day policyholder notification period.
7. Policy Forms: LTC-MD-91, NH-MD-91, LTC-94 MD, LTC-94-MD 9/94, NH-94-MD (SERFF: MULF-134228950)
Approved: 15% rate increase for all policies
The Company originally requested: 50% rate increase for all policies.
Approved: 5/20/2025
Proposed Effective Date: On the next policy anniversary date, following at least a 90-day policyholder notification period.
Bankers Life and Casualty Company
1. Policy Forms: GR-N520, GR-N540, GR-N550, and GR-N570 (SERFF: BNLB-134339999)
Thank you for submitting the LTC rate increase proposal for Forms GR-N520, GR-N540, GR-N550 and GR-N570. However, we regret to inform you that we can not approve the requested 20.0% rate increase at this time for the following reasons:
- The program has been managed well during the last 20 years since inception, and the projected Lifetime Loss Ratio is running close to originally priced Target Loss Ratio with a decent profit margin.
- We feel that there are still a reasonable degree of uncertainty associated with the projection of the Future Loss Ratio in regards to assumptions and expectations.
- If the experience deteriorates in the future, we will definitely consider a possible rate increase on these Forms, if justified.
Disapproved Date: 3/18/25
The Company originally requested: 51.5% increase for all insureds.
Approved: 3/11/2025
Proposed Effective Date: Following at least a 60-day policy owner notification period.
The State Life Insurance Company 1. Policy Forms: S-6000-P-MD, S-8000-P-MD, S-9000-P-MD (SERFF: LFCR-134314288)
Approved the following:
52.1% rate increase, phased in over three years at 15% each year for all insureds under S-6000.52.1% rate increase, phased in over three years at 15% each year for all insureds under S-8000.32.3% rate increase, phased in over two years at 15% each year for all insureds under S-9000.The Company originally requested:611% rate increase for all insureds under S-6000.256% rate increase for all insureds under S-8000.143% rate increase for all insureds under S-9000.Approved: 3/12/2025Proposed Effective Date: "On the policy anniversary date following at least a 60-day policyholder notification period after approval."Allianz Life Insurance Company of North America
1. Policy Forms: Secure Senior N-2720-P-MD, N-2721-P-MD, N-2720-P-MD(Q), N-2721-P-MD(Q), N-2720-P-MD(NQ), N-2721-P-MD(NQ), Future Select N-3000-P-MD(Q), N-3000-P-MD(NQ).
(SERFF: ALLB-134067154)
Policies WITH Inflation Protection (Secure Senior and Future Select):
Two-Year Benefit Period – 12% rate increase (One-time 12%)
Three-Year Benefit Period – 12% rate increase (One-time 12%)
Five-Year Benefit Period – 40% rate increase (15% Year 1, 15% Year 2, and 5.8% Year 3)
Lifetime Benefit Period – 52% rate increase (15% Year 1, 15% Year 2, and 15% Year 3)
Policies WITHOUT Inflation Protection (Secure Senior and Future Select):
Two-Year Benefit Period – 0% rate increase
Three-Year Benefit Period – 0% rate increase
Five-Year Benefit Period – 10% rate increase (One-time 10%)
Lifetime Benefit Period – 32% rate increase (15% Year 1 and 15% Year 2)
The total rate increase is 42.5% phased in over multiple years as described above. Company originally requested a 67.2% rate increase.
Approved 1/2/25
Proposed Effective Date: The rate increase will apply to policies on their next premium payment date following at least a 60‐day policyholder notification period following being filed for use by the Department of Insurance.
