As the year comes to a close, to optimize your 2017 placed production, please keep in mind the year-end cutoff for new business is December 15, 2017.
Genworth’s final commission cycle will be on December 22, 2017 for all Long Term Care Insurance.
Requirements for Final Commission Payment
- All delivery requirements must be received by December 15, 2017
- Applications must be “In Good Order,” which is defined as but not limited to:
- All application and suitability questions answered
- All signatures and dates completed
- All requested information provided
- All regulatory forms completed accurately and received by Genworth
- All initial and additional medical requirements must be received
- Delivery requirements received after December 15, 2017 may not be completed before the final commission cycle.
Commission Payment Cycle Dates
- Genworth’s Final Commission payment will be processed December 22, 2017
- Genworth will resume normal commission cycles on January 2, 2018
All applications meeting the above criteria for the final commission payment will be included in your production credit for 2017.
All applications received or meeting the criteria after the deadline will be included in the 2018 production credit.
If you have any questions, please contact your Genworth Long Term Care New Business/Case Management team.
We appreciate the confidence that you have placed with Genworth to meet your Long Term Care Insurance needs in 2017 and look forward to an even more prosperous 2018.
December 15, 2017: Deadline for Long Term Care New Business Requirements
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