Genworth is changing the timing of the end of year paydown.
October 4, 2019 will be the payout for commission payments that have not previously met the minimum payment requirement. Genworth will process all commissions due on October 4, 2019. The $50 minimum payment requirement will resume after October 4, 2019 and will continue through the next commission pay down in 2020.
Therefore, there will not be an “end of year” pay down as in previous years.
All commission payments, for all products, will be distributed on October 7, 2019.
Genworth will resume normal commission payments that have met the $50 minimum payment requirement on Monday October 7, 2019.
Please direct questions regarding year-end commissions to LC@genworth.com, 800-991-5684, option 4.