Included in this submission is a request for a premium rate change. In addition, we are also adding additional inflation protection options and benefit periods. This change will be applied to the continuation of benefits provision that is part of a single premium deferred annuity policy with a long-term care accumulation fund.
These changes are for new business only and do not impact any in force business. This includes the change in rates. These rates are noncancelable as are those for our existing customers.
We find that our rates must be updated for new business. The premium rates are being increased due to changes in investment returns and morbidity. The submitted rates are on average approximately 75% higher than our current rates.
Percent Change: 0.000%