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 Announces In-Force Rate Increases in Tennessee
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 Signature Requirements for Lincoln MoneyGuard®
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.
Couples Discount Expanded to All Lincoln MoneyGuard® Products
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 Announces 2022 Life Insurance Year-End Guidelines
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 Announces In-Force Rate Increases in Pennsylvania
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.
Nationwide Announces Improvements for Life Products
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.
LTCI In-Force Rate Adjustments Announced for Six States
Mutual of Omaha has announced in-force rate adjustments for certain LTCI policies in Kansas, Massachusetts, Nevada, North Carolina, Utah, and Virginia. The changes will go into effect on Jan. 1, 2023.
Genworth Announces In-Force Rate Increases in South Dakota
Genworth Financial has announced in-force rate increases in South Dakota for its Privileged Choice®, Classic Select®, PCS II, and Choice 1 long-term care insurance products, effective Oct. 17, 2022. Policyholders will begin being notified of these changes starting Oct. 25, 2022.
Thrivent Announces New Membership Benefit with Homethrive
Thrivent has announced a partnership with Dari by Homethrive to provide a new membership benefit. Dari offers online resources such as articles, videos, blogs, and more related to aging and caregiving. Users can also chat live with an expert, get personalized recommendations, and subscribe to relevant email content.
