Is MetLife LTC insurance in trouble?
MetLife, which had been one of the largest providers of long-term-care insurance, announced on November 10 that it plans to stop selling both group and individual long-term-care policies. The company will, however, continue to service the 600,000 policies that are currently in force.
When did MetLife stop selling long-term care insurance?
New York, NY , November 11, 2010. Following an extensive review of its Long-Term Care Insurance (LTCI) business, MetLife today announced that it will discontinue the sale of new LTCI coverage. MetLife will continue to accept new applications for individual LTCI policies received on or before December 30, 2010.
Does MetLife sell LTC?
Although MetLife is no longer offering long term care insurance plans, MetLife is committed to their long term care insurance customers.
How do I get reimbursed from MetLife?
How to submit a claim:
- Sign in to MyBenefits now.
- Make sure to have the following information available: Your contact information. Disability details. Physician contact information.
- A MetLife Claims specialist will be in touch within 1-2 business days to confirm next steps.
What are the reviews of MetLife long term care?
Steve of New Lenox, ILVerified Reviewer Original review: March 23, 2021 Premiums paid for 15 years. No claims. Wife & I turned 65 and besides the 5% Optional Inflation Increase, in `18, was increased >23% over 3 yrs.
When did MetLife long-term care insurance rates increase?
Existing MetLife policyholders are paying higher premiums, too. Beginning in 2008, MetLife filed a request for an 18% rate increase nationwide on many of its long-term-care policies. So far, it has received approval for a rate hike of 9% to 18% in most states.
What are the ratings for MetLife Auto Insurance?
MetLife auto insurance earned 3.5 stars out of 5 for overall performance. NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account pricing and discounts, ease of filing a claim, website transparency, financial strength, complaint data from the National Association of Insurance Commissioners and more.
When did my sister buy MetLife long term care policy?
My sister purchased a MetLife Long Term Care policy 13 years ago, now chronically ill. As recent POA for her I am tasked with trying to implement this policy.