Please be advised that Genworth has made two important announcements this morning. One is to their investors regarding product changes and the other to distribution regarding transition rules. Both are included in this announcement for your convenience.
Please review the key dates and transition rules and frequently asked questions and answers regarding these changes.
At Genworth, we believe these current actions and our strategic focus are a prudent path for Genworth, supporting our commitment to provide value to our distribution partners, producers and the Main Street consumers we serve together.
President - Distribution and Marketing, Insurance and Wealth Management
Once Again, we must share news of necessary rate and product revisions. Clearly, the current economic challenges, AG-38 and other issues have combined to require all insurance companies to make changes in their best interest as well as all of their policyholders. Please consider that there may never be a better time to recommend needed coverage to your clients as, it is quite possible that, premium rates may never be as low as they are right now! - Gary Dworkin