In-Force Rate Action Announcement: Massachusetts (Privileged Choice® and Classic Select®)

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. Massachusetts has now allowed the following increases: Massachusetts Product Series Increase Percentage Privileged Choice 40% phased 13.3%, 13.3%, 13.4% Classic Select 40% phased 13.3%, 13.3%, 13.4%   This rate increase applies to both AARP® and Non-AARP policies. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications. Policyholder notifications will begin May
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Georgia (PCS II, Choice 1)

> PCS II with Stable Premium Option > 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. Georgia has now allowed the following increases: Georgia Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods PCS II 18% 18% Choice 1 18% 18%   This rate increase applies to Non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list
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Categories: Genworth, Industry News, and Long-Term Care.

GoldenCare Newsletter | May 6, 2019

In this GoldenCare Newsletter Edition From GoldenCare: Diversify your portfolio for greater sales success! Join us for product and sales live and prerecorded training.  Stay up-to-date on all the latest and greatest in the industry.    For a list of current topics and to get in on the discussion Click Here. Update Your Contracts LTC CEO Office, Home and Internet Selling Tools Software has been updated! This Must-Have Resource can dramatically increase your LTC sales, providing sales presentations, calculators, pre-recorded training, instruction for successful Internet Selling, LTC resources, and  MORE! Find out how to get your copy free! “5 unexpected trends in today’s
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), National Guardian Life, and Transamerica.

Genworth Financial Announces First Quarter 2019 Results

4/30/19 Net Income Of $174 Million And Adjusted Operating Income Of $121 Million RICHMOND, Va., April 30, 2019 /PRNewswire/ — Merger Agreement With China Oceanwide Holdings Group Co., LTD (Oceanwide) Extended To June 30, 2019; Parties Diligently Pursuing Canadian Approval U.S. Mortgage Insurance (MI) Adjusted Operating Income Of $124 Million, With $9.6 Billion In New Insurance Written (NIW) And Strong Loss Ratio Performance U.S. MI’s PMIERs1 Sufficiency Ratio At 123 Percent, More Than $600 Million Above The Revised Standards Effective March 31, 2019 Strong Capital Levels With Substantial Capital Above Management Targets In Canada And Australia MI Approximately $150 Million
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Categories: Genworth, Industry News, and Long-Term Care.

Introducing online premium increase coverage changes for policyholders

In-Force Rate Action Announcement 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. We know that facing a new premium increase can be difficult for policyholders, so we continue to look for ways to help customers make decisions that are right for them and improve the process of implementing those decisions. In 2016, we launched a website for you and your customers to help explain why premium increases are needed, options policyholders generally have and
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Categories: Genworth, Industry News, and Long-Term Care.

GoldenCare Newsletter | April 22, 2019

In this GoldenCare Newsletter Edition From GoldenCare: Diversify your portfolio for greater sales success! Join us for product and sales live and prerecorded training.  Stay up-to-date on all the latest and greatest in the industry.    For a list of current topics and to get in on the discussion Click Here. Update Your Contracts LTC CEO Office, Home and Internet Selling Tools Software has been updated! This Must-Have Resource can dramatically increase your LTC sales, providing sales presentations, calculators, pre-recorded training, instruction for successful Internet Selling, LTC resources, and  MORE! Find out how to get your copy free! Our Guest Article in this
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Categories: Genworth, GoldenCare News, Guarantee Trust Life, Industry News, Long-Term Care, Mutual of Omaha (& Affiliates), National Guardian Life, and Transamerica.

In-Force Rate Action Announcement: Washington DC (Choice 1)

> 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. Washington DC has now allowed the following increases: Washington DC Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 10% 10%   Policyholders who selected Stable Premium Option with the previous premium increase (announced 4/9/2018) are not included with this increase. Communications Timeline Servicing agents will receive a list of
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Pennsylvania (Choice 1)

> 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. Pennsylvania has now allowed the following increases: Pennsylvania Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 10% for policies issued before 9/16/02 10% for policies issued before 9/16/02 20% for policies issued on or after 9/16/02 20% for policies issued on or after 9/16/02   Policyholders who selected Stable
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Illinois (Choice 1)

> 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. Illinois has now allowed the following increases: Illinois Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 55% 72%   This rate increase applies to policies issued before 1/1/2003. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start
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Categories: Genworth, Industry News, and Long-Term Care.

In-Force Rate Action Announcement: Oklahoma (Choice 1)

> 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. Oklahoma has now allowed the following increases: Oklahoma Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 10% 10% Policyholders who selected the Stable Premium Option with the previous premium increase (announced 4/9/2018) are not included in this increase. Communications Timeline Servicing agents will receive a list of their impacted
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Categories: Genworth, Industry News, and Long-Term Care.