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. In September 2013, we announced our intention to seek premium rate increases on certain Privileged Choice® and Classic Select® policies sold between 2003 and 2012. New Jersey has now allowed our requested increase, and the details of the implementation of this premium change can be found within the announcement. This rate increase also applies to AARP policies. Servicing agents will receive a list of their impacted
Read More

Genworth is launching an eSuite of new business tools on April 3, 2017. Genworth’s eSuite of new business tools provides a paperless solution for the entire selling process. Genworth’s eSuite of New Business Tools includes: Updated Quoting We have made some enhancements to our quoting experience. One enhancement is the addition of our Element Packages within the quoting tool. The updated quote also displays side by side product descriptions so you can quickly select between an Element package or customize Privileged Choice® Flex 3 plan. eApplication The application is still the application, but our eApplication (eApp) is more than just
Read More

Genworth coninuously monitors, examines and manages our business to help ensure we are offering products that are priced to balance consumer need with our desire to achieve long-term profitability. As a result, on April 24, 2017, we will suspend sales of individual long term care insurance in Hawaii. Privileged Choice® Flex 2 (Flex 2), our current offering in Hawaii, is an old generation policy and no longer meets our pricing assumptions.   Transition Rules Please carefully review the transition dates and rules below. No exceptions will be available. Quote It! 04/23/17 — Last day to quote Flex 2 in Quote
Read More

Your clients already insure against potential risks like health, fire, theft or death, any of which could impact their families’ quality of life. Long term care is another risk that comes with high costs that can affect family members for years. The good news is, with your help, planning for long term care expenses might be easier than your clients realize. You can start the conversation with your clients today. Share our Building A Long Term Care Strategy brochure. Send your client this brochure with a handwritten note that you will call them to discuss how this can be taken
Read More

Effective April 24, 2017 Genworth will offer a 5% premium discount on new business1 to members of an approved Affinity organization. This discount will be available on Genworth’s individual long term care insurance products, Privileged Choice® Flex 3 and Privileged Choice® Flex and includes their Element℠ packages. For details on Affinity organization eligiblity, please refer to the Affinity Approval form (184701). This form should be completed by the Brokerage General Agency and submitted to Genworth for pre-approval. Once Genworth receives the form, we will contact you regarding next steps. The 5% premium discount will be applied to the net premium
Read More

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. In September 2013, we announced our intention to seek premium rate increases on certain Privileged Choice® and Classic Select® policies sold between 2003 and 2012. Virginia has now allowed our requested increase, and the details of the implementation of this premium change can be found within the announcement. This rate increase also applies to AARP policies. Servicing agents will receive a list of their impacted policyholders
Read More

Issue more policies, have a happier claims experience. Join the Genworth LTC team to hear more reasons on why your clients (and their potential care providers) will love your recommendation to purchase a Genworth LTC policy. Topic: How Genworth LTC wins with Underwriting & Claims Date: Thursday, March 23, 2017 Time: 1:00 PM – 1:30 PM Central Time Registration: https://attendee.gotowebinar.com/register/2789190900587261185 Simply register to get the dial-in number and reminder.   #goldencareagent #genworth
Read More