Committee on Foreign Investment in the United States Completes Review of Proposed China Oceanwide and Genworth Financial Transaction 06/09/2018 RICHMOND, Va., June 9, 2018 /PRNewswire/ — China Oceanwide Holdings Group Co., Ltd. (Oceanwide) and Genworth Financial, Inc. (NYSE: GNW) today announced that the Committee on Foreign Investment in the United States (CFIUS) has completed its review of their proposed transaction and concluded that there are no unresolved national security concerns with respect to the proposed transaction. This satisfies one of the conditions to the closing of the proposed transaction. In connection with the CFIUS review of the proposed transaction, Genworth
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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. South Dakota has now allowed the following increase: South Dakota Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods PCS I 55% 72% PCS II 55% 72% Choice 1 55% 72%       This rate increase applies to Non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this
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The in-force rate action implementation for Connecticut Choice 1 (see below) is delayed until further notice. This rate increase was previously announced on 4/30/2018. No premium increase notifications were mailed to impacted policyholders. Once new implementation dates are established we will: Distribute a new bulletin Re-send agent notifications with updated policyholder lists Inform you when policyholder premium increase notifications begin We sincerely apologize for the inconvenience. If you have any questions, please call Genworth’s Customer Service Team at 877-710-0817. * * * * * * * * * * * * * * * * * * * * *
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Privileged Choice® Flex 3 has the following Benefit. Refund of Premium up to Age 65 — If the policyholder dies before age 65, their policy is in-force, and their policy is not being continued under any Non-forfeiture Option, premium they have paid over the lifetime of their policy will be refunded to their beneficiary less any claims paid. Beneficiary Designation forms are available for use with this product. For states other than NY:  37749 03/07/16 For NY:  37749NY 03/16/17 The Beneficiary Designation for is recommended by not required. It allows the Applicant to name a beneficiary so it is clear
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