Coming Soon: SecureCare III New Reprice and State Launch
SecureCare III repricing in SC and launching in MT
Give your long-term care (LTC) clients a benefit boost with SecureCare™ III, an LTC and nonparticipating whole life insurance policy.
Mark your calendars for Monday, January 29, 2024:
- SecureCare III rates will decrease by 25 percent across all case scenarios in South Carolina
- SecureCare III will launch in Montana including the pricing decrease of 25 percent across all case scenarios
Please note: All licensing and LTC certification training must be in good order before the sale of any LTC products. Review LTC licensing and training requirements in each state.
Transition rules in South Carolina for the reprice
- Monday, January 29, 2024: The new SecureCare III rates will be available in South Carolina
- All pending applications that have an effective date on or after January 29, 2024 will automatically be eligible for and receive the new pricing. This will result in a face amount that is higher than originally illustrated.
- Policies that have already been issued, paid and/or are in-force are not eligible for the new rates.
- SecureCare III’s normal backdating rules and age limitations apply. To receive the new pricing, we cannot backdate prior to January 29, 2024.