Genworth Halts Life & Annuity Sales

2/5/2016

Effective Monday, March 7, 2016, Genworth companies will no longer accept new applications for its traditional life insurance and fixed annuity products.

You can see the Genworth bulletin and Q4 2015 FAQs for more information.

Here are other important details to note:

Last day new business will be accepted is March 7, 2016.
Last day to pay for new business is May 4, 2016. Anything not issued by this date will be closed.
1035 funds will be accepted past May 4, 2016, if a policy is placed by that date.
There is no effect to compensation.

Questions? Contact us at 877-512-9287 or admin@pmg1.com.

For financial professional use only.

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