Mailings to begin in July 2020 Genworth will begin mailing a newsletter to LTC policyholders in July 2020 with information and updates including: A message from our CEO New solutions for common caregiver problems Update on global expansion Premium rate increase explained Policy and service questions To view a copy of the newsletter, click here. Genworth to distribute newsletter to LTC Policyholders #goldencareagent #genworth
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In-Force Rate Action Announcement: Washington DC (PCS II)
> 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. 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 PCS II 10% 10% 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
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In-Force Rate Action Announcement: Vermont (Pre-PCS, PCS I, 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. Vermont has now allowed the following increases: Vermont Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 69.78% phased 30.3%, 30.3% cumulative 69.78% phased 30.3%, 30.3% cumulative PCS I 125.5% phased 31.2%, 31.2%, 31% cumulative 125.5% phased 31.2%, 31.2%, 31% cumulative PCS II 136.68%
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In-Force Rate Action Announcement: Vermont (Privileged Choice® and Classic Select®)
> Privileged Choice® and Classic Select® with Stable Premium Option > 1% Benefit Increase 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. Vermont has now allowed the following increases: Vermont Product Series Increase Percentage Privileged Choice 22.4% Classic Select 22.4% This rate increase applies to 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
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In-Force Rate Action Announcement: New Mexico (Pre-PCS, PCS I, PCS II, Choice 1)
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. New Mexico has now allowed the following increases: New Mexico Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 15% 15% PCS I 15% 15% PCS II 15% 15% Choice 1 15% 15% Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder notifications.
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In-Force Rate Action Announcement: Ohio (Pre-PCS, PCS I, PCS II)
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. Ohio has now allowed the following increases: Ohio Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Pre-PCS 15% 15% PCS I 15% 15% PCS II 15% 15% 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 February 4,
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In-Force Rate Action Announcement: Oregon (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. Oregon has now allowed the following increases: Oregon Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 55% 72% 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 January 28,
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In-Force Rate Action Announcement: Kansas (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. Kansas has now allowed the following increases: Kansas Product Series Increase Percentage Privileged Choice 37.2% Classic Select 37.2% This rate increase applied to Non-AARP and 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 January 28, 2020 and will continue throughout the next year.
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In-Force Rate Action Announcement: North Carolina (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. 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 Choice 1 55.13% phased 25%, 24.1% cumulative 86.56% phased 25%, 25%, 19.4% cumulative This rate increase applies to policies issued on or after 2/1/2003 Communications Timeline Servicing agents will receive a list
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In-Force Rate Action Announcement: Massachusetts (PCS I, PCS II, Choice 1)
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 for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS I 40% phased 13.3%, 13.3%, 13.4% simple 40% phased 13.3%, 13.3%, 13.4% simple PCS II 40% phased 13.3%, 13.3%, 13.4% simple 40% phased 13.3%, 13.3%, 13.4% simple Choice 1 40% phased 13.3%, 13.3%, 13.4% simple 40% phased 13.3%, 13.3%, 13.4% simple
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