John Hancock Life Insurance USA
Long Term Care Insureance, Beware of Bait and Switch by This Company

I purchased a long term care policy from John Hancock 10 years ago. The younger you are when you buy one, the lower the premium. The policy does say that they can raise the premium but the agent said that rarely if ever happens. Then, 2 years ago, they raised the premium by 30%. I was not happy. They were very apologetic and said the circumstances were unforseen. Now, actuaries go to school a long time. My demographic and age group has not changed in 10 years. But now they want a 77% increase! Either I take it, lower my benefit or cancel. This after contributing over $10,000 to this policy.

It should be agaist the law. It means that my premium has doubled and I have no cofidence it will not do so again. It also means the company is either fradulent or ill trained. Either is quite a concern. Sadly, I live in the great state of Texas and the Insurance Commissioner has apparently approved this increase. I urge all consumers to avoid John Hancock Insurance. They redefine the meaning of rip off!

Company: John Hancock Life Insurance USA
Country: USA
State: Massachusetts
City: Boston
Address: PO Box 111, R-02 Ste 1700
Phone: 8776067754
Site: johnhancock.com

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