Genworth Financial would like to share a reminder that Form 1099-NEC will be filed for anyone who is paid at least $600 in commissions in 2022; this includes all product lines. For producers not receiving electronic versions, forms will be mailed directly to resident addresses no later than Jan. 31, 2023.
Genworth Financial has announced in-force rate increases in North Carolina for its Pre-PCS, PCS I, Privileged Choice®, and Classic Select long-term care insurance products, effective Dec. 12, 2022. Policyholders will begin being notified of these changes starting Dec. 20, 2022.
The Digital Marketing Library experience on Genworth Pro will be streamlined starting on Dec. 6, 2022. The library houses forms and materials used to service Genworth’s policies. The look and feel will be very similar to the current platform.
Genworth Financial would like to remind agents about securing their usernames and passwords through these rules. Reminders on Genworth’s Data Security and Cybersecurity Program have also been announced. These notices are effective immediately.
Effective Jan. 1, 2023, ELCO Mutual Life & Annuity will be implementing adjustments to the Medicaid Compliant Annuity (MCA) product line. Payout rates will be changing, certain commissions will receive an increase, and the Cash Refund option will no longer be available. The last day to submit new business in 2022 will be Dec. 23.
Genworth Financial has announced in-force rate increases in Georgia for its Privileged Choice® Flex long-term care insurance products, effective Nov. 21, 2022. Policyholders will begin being notified of these changes starting Nov. 29, 2022.
Genworth Financial has announced in-force rate increases in Washington, D.C., for its AARP Group long-term care insurance product series, effective Nov. 21, 2022. This premium rate increase also impacts certificates in 29 states. Policyholders will begin being notified of these changes starting Nov. 29, 2022.
Mutual of Omaha has announced in-force rate adjustments for certain LTCI policies in Alabama, Alaska, Delaware, Hawaii, Maine, Massachusetts, Nebraska, Nevada, New Jersey, New Mexico, Pennsylvania, Puerto Rico, South Carolina, and Virginia. The changes will go into effect on Feb. 1, 2023, with the exception of Maine, which will go into effect on Mar. 1, 2023.
Genworth Financial is reminding agents that anyone who has been paid at least $600 in commissions in 2022 will receive Form 1099-NEC (Non-Employee Compensation). This includes all product lines.
Genworth Financial has announced in-force rate increases in Oklahoma for its Privileged Choice® Flex long-term care insurance products, effective Nov. 14, 2022. Policyholders will begin being notified of these changes starting Nov. 22, 2022.
Agent Advantage is an exclusive program for all active agents from The Krause Agency. To see if you qualify, complete the short application form below and a member of our team will provide you the necessary enrollment paperwork. If you have any questions about the program or this form, please contact our office directly at (800) 255-1932.
