Update: We received notification of the expected 30% increases yesterday.You'll probably get a rate increase notice in a couple of months.The two policies (for me and my wife) were purchased in April 2018 and are MM500-P-2-PA with 3% compound inflation riders.What year did you buy your policy?
Your comment made me go back and look at the premium increases requested and approved by MassMutual in PA and I realized that they actually did approve a 30% increase for our policies in December 2022: https://www.insurance.pa.gov/Consumers/ ... 202022.pdf.
The strange thing is that we pay our premiums in April of each year and we did not see this increase in our premiums in April 2023. Any idea why this would be? It will be interesting to see what happens this April, but I plan on keeping these policies regardless.
Is your policy the MM500 policy series?
(look for policy series in bottom left or bottom right hand corner of each page of your policy).
Statistics: Posted by rab — Fri Jan 26, 2024 8:59 am — Replies 37 — Views 2556