Elmhaven letter, long-term care premium increase - 2021

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One Elmhaven Plaza
Des Moines, IA 50309

Elmhaven Assurance Company (855) 555-0163
elmhaven.example

Notice of a Change in Your Premium
March 9, 2021

Margaret A. Ostrander and Raymond C. Ostrander, 1846 Hawkstone Drive, Madison, WI 53711

Policies EH-LTC-7730418-P and EH-LTC-7730418-R

Dear Mr. and Mrs. Ostrander,

The premium for your long-term care policies will go up on your next policy anniversary, June 12,
2021. The increase is 22.1% and applies to every policy of this series issued in Wisconsin. It is not
because of your age, your health or any claim. The Office of the Commissioner of Insurance has
reviewed the filing.

Insured Premium now, each year Premium from June 12, 2021

Margaret A. Ostrander $2,388.00 $2,916.00

Raymond C. Ostrander $2,772.00 $3,384.00

Your choices
You do not have to do anything. If we do not hear from you, your benefits stay as they are and the new
premium is billed in May. Or you may choose one of these for either policy, by writing to us before May
12, 2021:

1. Keep the premium you pay now by lowering the inflation protection from 3% compound to
1.5% compound from this anniversary on. The daily benefit you have built up so far is not reduced.
2. Lower the premium below what you pay now by shortening the benefit period from 4 years
to 3 years.
3. Stop paying premiums and keep a paid-up policy. Its lifetime maximum would equal the
premiums you have paid since 2012, and it would pay no more than that, whenever you need care.

A choice once made cannot be reversed. The shared care rider that links your two policies continues
under every choice except the third.

We know this is unwelcome. If you would like the figures for your own policies under each choice, call
the number above and ask for the long-term care service team.

Sincerely,

Policyholder Services

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Elmhaven letter, long-term care premium increase - 2021 Document · saved Mar 15, 2021

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The record values this file is made from: the ones its text names with {{record.field}}, and the fields its template reads. A value here is in the file's source; whether it is readable depends on the look.

Value	Now
ltc-policy-peg.policy_number	EH-LTC-7730418-P
ltc-policy-ray.policy_number	EH-LTC-7730418-R
ltc-policy-peg.annual_premium	2916
ltc-policy-ray.annual_premium	3384

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attachments.yaml

record: doc-ltc-rate-increase-2021
template: document
org:
  name: Elmhaven Assurance Company
  lines:
  - One Elmhaven Plaza
  - Des Moines, IA 50309
  phone: '8555550163'
  web: elmhaven.example
  color: '#2d4f3c'
title: Notice of a Change in Your Premium
body: "March 9, 2021\n\nMargaret A. Ostrander and Raymond C. Ostrander, 1846 Hawkstone Drive, Madison,\
  \ WI 53711\n\nPolicies {{ltc-policy-peg.policy_number}} and {{ltc-policy-ray.policy_number}}\n\nDear\
  \ Mr. and Mrs. Ostrander,\n\nThe premium for your long-term care policies will go up on your next policy\
  \ anniversary, June 12, 2021.\nThe increase is 22.1% and applies to every policy of this series issued\
  \ in Wisconsin. It is not because of\nyour age, your health or any claim. The Office of the Commissioner\
  \ of Insurance has reviewed the filing.\n\n| Insured | Premium now, each year | Premium from June 12,\
  \ 2021 |\n|---|---|---|\n| Margaret A. Ostrander | $2,388.00 | {{ltc-policy-peg.annual_premium|money}}\
  \ |\n| Raymond C. Ostrander | $2,772.00 | {{ltc-policy-ray.annual_premium|money}} |\n\n## Your choices\n\
  \nYou do not have to do anything. If we do not hear from you, your benefits stay as they are and the\
  \ new\npremium is billed in May. Or you may choose one of these for either policy, by writing to us\
  \ before\nMay 12, 2021:\n\n1. **Keep the premium you pay now** by lowering the inflation protection\
  \ from 3% compound to 1.5% compound\n   from this anniversary on. The daily benefit you have built up\
  \ so far is not reduced.\n2. **Lower the premium below what you pay now** by shortening the benefit\
  \ period from 4 years to 3 years.\n3. **Stop paying premiums** and keep a paid-up policy. Its lifetime\
  \ maximum would equal the premiums you\n   have paid since 2012, and it would pay no more than that,\
  \ whenever you need care.\n\nA choice once made cannot be reversed. The shared care rider that links\
  \ your two policies continues under\nevery choice except the third.\n\nWe know this is unwelcome. If\
  \ you would like the figures for your own policies under each choice, call the\nnumber above and ask\
  \ for the long-term care service team.\n\nSincerely,\n\nPolicyholder Services\n"