Last year, we simplified our underwriting process. We stopped automatic blood and lab requirements for applicants under age 60 and reduced other requirements at various ages. This year, we launched our eSuite of new business tools which provides a whole new level of speed, simplicity and convenience.

On November 20, 2017, to further simplify an streamline our new business process, we are reducing our four underwriting categories to two, select and Standard, with no rate changes in these categories. We will no longer offer the Preferred Best and Preferred categories on applications received at Genworth’s home office on or after November 20, 2017.

All of these changes support Genworth’s commitment to simplify underwriting practices to provide a faster and more convenient experience for our distribution partners and their clients.
 
Transition Rules
Please carefully review the transition dates and rules below. No exceptions will be available.

For applications signed and received at Genworth’s home office before November 20, 2017	4 risk classes are available – Preferred Best, Preferred, Select and Standard Reissues (to include rate reductions), Reopens, and Reinstatements will continue to have 4 rate classes avaialble – Preferred Best, Preferred, Select and Standard
On November 20, 2017	eApp & QuoteIt! will be updated to offer 2 risk classes The eValuate tool will no longer be available TrueView Underwriting Guide will be updated to reflect the change to 2 risk classes
For applications signed and received at Genworth’s home office on or after November 20, 2017 *Please note – There is no change to paper applications	2 risk classes are available – Select and Standard Reissues (to include rate reductions), Reopens, and Reinstatements, we will have 2 risk classes available – Select and Standard If a new Part 1 application is needed during the New Business process to reconsider an application received before 11/20/17, we will have 2 risk classes available – Select and Standard

Important Note: Prior to soliciting new business, verify your producer license is in good standing, you have completed all required CE, and you are in compliance with all applicable licensure requirements. Applications will be closed if all such requirements have not been met as of the date of the application. No exceptions will be made for applications resubmitted after the cut-off dates as outlined above. For up-to-date information on Genworth applications, education and training statuses go to https://pro.genworth.com/.
 

Reminder: Genworth Simplifies Underwriting Categories for Individual Long Term Care New Business
 

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