Genworth Financial has announced in-force rate increases in North Dakota for its Privileged Choice® and Classic Select® long-term care insurance products, effective Nov. 14, 2022. Policyholders will begin being notified of these changes starting Nov. 22, 2022.
Genworth Financial has announced in-force rate increases in Delaware for its My Future, My Plan 1.0; My Future, My Plan, 2.0; and AARP Association Group long-term care insurance products, effective Nov. 14, 2022. Certificate holders will begin being notified of these changes starting Nov. 22, 2022.
The New York Department of Financial Services (DFS) has adopted a best interests standard for those licensed to sell life insurance and annuity products in New York. Amendments were implemented to ensure all recommendations related to the sale of these products are in the consumer’s best interests.
Genworth Financial is sharing a reminder that if a multi-carrier contracting automation system is used to complete the Producer Information and Appointment Form (PIF), it is the producer’s, agency’s, and general agent’s responsibility to ensure Genworth’s specific requirements are met.
Genworth Financial has announced in-force rate increases in Tennessee for its Pre-PCS long-term care insurance product, effective Oct. 31, 2022. Policyholders will begin being notified of these changes starting Nov. 8, 2022.
California civil regulations prevent the electronic signing and transmission of certain forms; therefore, Lincoln will not accept electronic signatures on any MoneyGuard form, including but not limited to, the Part I and Long-Term Care (LTC) Replacement forms.
Effective Oct. 24, 2022, all eligible standard Lincoln MoneyGuard® cases will receive the Couples Discount underwriting class, regardless of marital status, until Dec. 30, 2022.
Lincoln Financial has updated its year-end guidelines for life insurance products. Upcoming deadlines include submissions of 1035 exchange applications, applications and tickets requesting a Tele-App or Phone PHI, full applications and tickets requesting an online interview, and 2022 compensation income placement.
Genworth Financial has announced in-force rate increases in Pennsylvania for its PCS I and PCS II long-term care insurance products, effective Oct. 24, 2022. Policyholders will begin being notified of these changes starting Nov. 1, 2022.
Beginning Nov. 7, 2022, Nationwide is implementing a price improvement across all scenarios for the current CareMatters II product. Additionally, an increase in the maximum issue age for YourLife CareMatters has been announced in California and New York.
Note: These pricing changes do not apply to Nationwide YourLife CareMatters in New York and California.