This office is currently closed to public visitors for the safety of customers and staff. The department will continue to provide services by email and telephone. Consumers with questions can call 860-297-3900. Insurance companies and licensees can call 860-297-3800 directly. Service of process on the Insurance Commissioner will be accepted Tuesdays & Thursdays, 9 a.m. to 3 p.m. (Mondays and Tuesdays, 9 a.m. to 3 p.m. for the weeks of December 20 and 27).
Click here to view the Department coronavirus information

Northwestern Long-Term Care Insurance Company – Individual (2002-2010)

Rate request: Average increase of 9.2 percent

Decision: Approved

On May 7, 2020 Northwestern Long Term Care Insurance Company requested an average rate increase of 9.2 percent (range of 0.0 to 10.4 percent) on a block of business of individual long-term policies which were sold from 2002 to 2010 and are no longer being marketed.

There are approximately 1,650 policies in force in Connecticut.

The company said increase is needed due to people living longer, holding onto their policies longer, going on claim more frequently, and staying on claim longer than originally assumed. That has resulted in “significantly higher anticipated future and lifetime loss ratios.”

After Actuarial Review, the Department approved the rate increase request. The experience has deteriorated since the last filing.

The new rates will take effect 60 days after the company has notified its customers.



Find the filing documents here at Long-Term Care Insurance Rate Filing