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This communication applies to all individuals selling Prudential Long Term Care Insurance.
Effective March 31, 2004
LTC Preferred Health Discount No Longer Offered with Unlimited Lifetime Maximum Effective March 31, 2004 , the Preferred Health Discount will no longer be available on policies with a "Lifetime (unlimited) Benefit" period. Long Term Care(LTC) applications for policies without the "Lifetime Benefit" period will continue to be reviewed by underwriting for eligibility for the Preferred Health Discount.
The change is effective with policies received in the Prudential LTC administrative unit on or after April 1, 2004 . Applications submitted with a "Lifetime Benefit" prior to April 1, 2004 (and no later than March 31, 2004 ) will be considered for the Preferred Discount.
This change is the result of a review of our underwriting guidelines, business mix, claims data, and medical and technical advances, which we conduct on a regular basis to help assure we provide you with a competitive product.
This discount shall continue to be available on all policies other than those with a Lifetime (unlimited) Benefit period, subject to underwriting approval. |