Ask The Experts >> Ask Bob Mitzel >> Penn Treaty
This message may have been forwarded from a “chat” conversation I was having, but my question relates to how we should respond to Penn Treaty’s notification that premiums will rise significantly over the next few years if we choose to keep our coverage. We have the option of accepting that, or keeping the premiums the same but with reduced benefits, or dropping the policy and receiving a settlement payment of approx. $35,000.00 on my policy and approx. $46,00 on my wife’s. August 30th is our deadline for taking any of these alternate actions.