SecureCare III Rates Decrease in NJ Effective 05/08/23

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Effective Monday, May 8, 2023, rates for SecureCare™ III will be reduced by 25 percent across all case scenarios in New Jersey. SecureCare III is a long-term care (LTC) and nonparticipating whole life insurance policy. 

Transition Rules: 

  • The new SecureCare III rates will be available in New Jersey on May 8, 2023.
  • All pending applications that have an effective date on or after May 8, 2023 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 May 8, 2023.