Discontinuation notice for new Lumico Med Supp business in North Carolina
Effective November 1, 2021, acceptance of new Med Supp applications (Plans A, F, G and N) underwritten by Lumico Life Insurance Company in the state of North Carolina (NC) will be discontinued.*
Here’s what you need to know:
- Lumico is discontinuing new Med Supp sales to more effectively manage the cost of in-force policy administration.
- Existing Lumico Med Supp policyholders with in-force coverage will not be affected by the discontinuation of new Lumico Med Supp sales in NC. They do not expect a direct or material impact to premiums.
- They will continue to service Lumico Med Supp in-force policyholders in all states where Lumico is sold, and their guaranteed renewable contracts.
- Here is a copy of the notice sent to Lumico Med Supp policyholders.
If you have any questions, please call 833-866-9741.
View Full Blog