December 12, 2014: Deadline for Long Term Care New Business Requirements
Genworth’s final commission cycle will be on December 26th 2014 for all Fixed Life New business. Click here for the full Genworth bulletin on end of year deadlines.
Requirements for Final Commission Payment
• All delivery requirements must be received by December 5th, 2014
• Applications must be “In Good Order”:
o All application questions must be answered.
o All signatures and dates completed.
o All requested information provided.
o All regulatory forms completed accurately and received by Genworth.
o All initial and additional medical requirements must be received by Genworth.
• Delivery requirements received after Dec 5th, 2014 may not be completed before the final commission cycle.
Commission Payment Cycle Dates
• Genworth’s Final Commission payment will be processed on December 26th, 2014.
• Genworth will resume normal commission cycles on January 2nd, 2014.
Production Bonus Credit Guidelines
All applications meeting the above criteria for the final commission payment will be included in your production credit for 2014.
All applications received or meeting the criteria after the deadline will be included in the 2015 production credit.
If you have any questions, please contact your Genworth Fixed Life New Business /Case Management team.