As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. North Carolina has now allowed the following increases: North Carolina Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS I 95.31% phased 25%, 25%, 25% cumulative 95.31% phased 25%, 25%, 25% cumulative       This rate increase applies to non-AARP, non-partnership policies for policies issued before 2/1/2003. Communications Timeline Servicing agents will receive a list of their
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Suspension of All Individual Long Term Care Insurance and Income Assurance Annuity Sales Through the BGA Channel Effective March 11, 2019 Effective Monday, March 11, 2019, Genworth will temporarily suspend sales of individual long term care insurance and the Income Assurance annuity through the BGA channel in all states. We will continue to sell these products through other channels. Effective Monday, March 11, 2019, the Genworth companies will no longer accept new applications from the BGA channel for our individual long term care insurance or annuity products, including: Privileged Choice® Flex Privileged Choice® Flex 2 Privileged Choice® Flex 3 Privileged
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An administrative letter is the method by which the Virginia Commissioner of Insurance formally communicates with entities regulated by the Bureau of Insurance. Administrative letters are not law but are positions that the Bureau of Insurance has taken. They may provide direction, instructions, interpretations, or general information. The Virginia State Corporation Commission Bureau of Insurance releases new administrative letters periodically. Administrative Letters should be carefully reviewed by any person licensed as an insurance agent in Virginia. Click here to be taken to the Bureau’s table of administrative letters for review by every producer.   Reminder: Virginia State Corporation Commission Bureau
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(Pre-PCS, PCS I, PCS II, Choice 1, CADE, CA-Reprice, Unbundled) As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. California has now allowed the following increases for non-Partnership policies: California: For policies issued on or after 7/1/2002 Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS II 80% 80% Choice 1 80% 80% CADE* 45% 45% CA-Reprice* 45% 45% Unbundled* 45% 45% * Includes AARP® policies. California:
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> Choice 1 with Stable Premium Option As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Wisconsin has now allowed the following increases: Wisconsin Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 39% 99% Choice 1 55% 72%       This rate increase applies to non-AARP, non-partnership policies for Choice 1 policies issued on or after 1/1/2002. Communications Timeline Servicing agents will receive a list
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Genworth Long Term Care Underwriting: Write it Right Webinar    • Tuesday, February 26, 2019 at 11:00 AM Eastern / 12:00 PM Central Join us for a webinar where you will hear from Genworth’s Underwriting Managers Amy Chambers and RG McGann. This webinar is designed to help you with tips to increase your placement rates.   Tuesday, February 26, 2019 at 11:00 AM Eastern / 12:00 PM Central   Register using the link above. Seating is limited. Genworth will not be recording the call. After registering, you will receive a confirmation email containing information about joining the webinar.   #goldencareagent
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02/05/19 Fourth Quarter Net Loss Of $329 Million And Adjusted Operating Loss Of $291 Million Full Year Net Income Of $119 Million And Adjusted Operating Income Of $179 Million RICHMOND, Va., Feb. 5, 2019 /PRNewswire/ — All Required U.S. Insurance Regulatory Approvals Have Been Received For The Proposed Transaction With China Oceanwide Holdings Group Co., Ltd (Oceanwide) Oceanwide Merger Agreement Deadline Extended To March 15, 2019; In Discussions With Canada Regarding National Security Matters Including Customer Data Protection U.S. Mortgage Insurance (MI) Full Year Adjusted Operating Income Of $490 Million, Increased 58 Percent Compared To 2017 U.S. MI’s PMIERs1 Sufficiency
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> PCS II with Stable Premium Option As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Pennsylvania has now allowed the following increases: Pennsylvania Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS I 20% 20% PCS II 20% 20%       This rate increase applies to non-AARP, non-partnership policies issued on or after 9/16/2002. Communications Timeline Servicing agents will receive a list of their impacted
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