Sorry, couldn’t resist the power of the acronym.Last year about this time, John Hancock announced a pretty hefty rate increase for many of its existing clients, as well as some new products. As we noted at the time, this was a pretty hefty jump:

“.”

A couple of months ago, of the latest industry figures showed that Hancock and Gewnworth continue to dominate the Long Term Care insurance (LTCi) market; now, Genworth’s following Hancock’s lead on the premium increase front.

From email:

“Impressive November 21, 2012, Genworth will introduce Privileged Choice Flex in Ohio … Privileged LinkChoice Flex will have roughly 9% higher premium than the current offerings.”

No word yet on the fate of in-force plans.

[H/T: ]