Filed Under:Health Insurance, Ltci

MetLife unit files for LTCI rate hikes

(AP photo/Mark Lennihan)
(AP photo/Mark Lennihan)

Metropolitan Life Insurance Company has filed a collection of four long-term care insurance (LTCI) rate increase applications in Connecticut.

Metropolitan Life (MetLife), a unit of MetLife Inc. (NYSE:MET), told Nutmeg State regulators it wants to raise rates an average of 58 percent on a block of 720 policies sold in the state from 1999 to 2003; a block of 10 policies sold there from 2008 to 2011; a block of  1,828 policies sold there from 2005 to 2012; and a block of 3,200 policies sold there from 2005 to 2012.

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Nichole Morford

Nichole Morford
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