Upcoming rate adjustment for Med Supp
Effective August 1, there will a rate adjustment for our Med Supp policies in select states.
- For policies underwritten by Lumico Life Insurance Company: AZ, GA, LA, MI, MN, MT, OH, SC and TX.*
- For policies underwritten by Elips Life Insurance Company: AR, AZ, DE, GA, IA, IL, LA, MI, NC, NE, OH, OK, SD, TX and UT.
There will be a 30 day cut-off period for applications written in these states, from 7/1 – 7/31/22:
- Applications signed and received on or after 7/1, with a requested effective date on or after 8/1, will be subject to the new rate.
- Applications signed and received on or before 6/30, with a requested effective date on or after 8/1, will receive the current rate.
- Applications requesting an effective date prior to 8/1 will also continue to receive the current rate.
If you have any questions, please reach out to Michelle Kapp