The Delaware Department of Insurance plans to hold a public information session Dec. 28 on a long-term care insurance (LTCI) rate increase application filed by John Hancock Life Insurance Company.
John Hancock, Boston, wants to increase premium rates on individual LTCI policies issued from 1991 to 2009 an average of 36%, according to the rate filing.
The company is asking for 21.5% increases for a block of policies sold from 2004 to 2009 and another block sold from 2004 to 2006.
The company is asking for 71.1% increases for two blocks sold from 2002 to 2004.