Long term care insurance buyout John hancock
My husband and I both have long term care insurance through John Hancock they want to get out of this business and have not written a ltc policy since 2016 my husband is 75 they offered him a buyout of about 2/3 of what we have paid in , we took this money as we were afraid that the premium would
So sky high if we didn’t I’m 67 I have not received a buyout offer yet is this a good thing to do at this point we rolled the dice I guess with his
Terry Says
No, no, no. They are obligated, regardless of not selling policies currently, to perform on their existing policies. Please call Brian Gordon of Gordon Associates LTC at 800-533-6242 to assess what you should do next. He is someone you can trust completely. And do write back and tell me what he advised, and what you did!
