Carrier Updates

ManhattanLife Upcoming Rate Adjustment in Idaho

ManhattanLife Insurance & Annuity Company is now announcing a new upcoming rate adjustment in the state of Idaho.

There is a 9.0 % increase for All Plans, effective as of March the 1st, 2024. This rate adjustment will be applied to all new and in-force business in Idaho.
Please refer to the points listed below to determine which rates should be applied.

  • Any Medicare Supplement application signed on March the 1st, 2024, and when requesting an effective date of March 1, 2024 or later, will receive the new March the 1st, 2024 rates.   
  • Any Medicare Supplement application signed after March the 1st, 2024, and when requesting an effective date of March 1, 2024 or later, will receive the new March the 1st, 2024 rates.   
  • Any Medicare Supplement application re-dated on March the 1st, 2024 will receive the new March the 1st, 2024 rates.
  • Any Medicare Supplement application re-dated after March the 1st, 2024 will receive the new March the 1st, 2024 rates.

 

Marketing Materials:

Created for your convenience, below is the new and applicable Rate Sheet. New applications can be ordered through the normal channels.

Click Here to Download the New Rate Sheet for the State of Idaho.

The Rate Sheet is 4 pages long, and you will see that it contains information about the following: 

  • The Annual Preferred Community Age Premiums - for use in all Idaho Zip Codes
  • The Annual Standard Community Age Premiums - for use in all Idaho Zip Codes
  • The Monthly Preferred Community Age Premiums - for use in all Idaho Zip Codes
  • The Monthly Standard Community Age Premiums - for use in all Idaho Zip Codes


If you have any questions, please feel free to contact your ManhattanLife Insurance & Annuity Company marketer.

Another viable option would be to contact ManhattanLife Insurance & Annuity Company's Agent Services team by calling their help number, at (866) 708-6194. 

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With the new Protection Focus face solve type, you now have five options to create a tailored policy for your clients!

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In today's unpredictable financial landscape, predictability is priceless. For clients who prioritize a conservative approach to planning for their retirement future, the Safe Haven Annuity and Safe Harbor Annuity can be an excellent option.

While the rate guarantee maximizes clients' rates, the 3-year and 5-year durations offer some of the most competitive non-fee-based MYGA interest rates in the annuity market, according to Annuity Rate Watch. See their current rates below. 

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