Partnership disclosures and exchange mailings will be mailed to Delaware
policyholders and certificate holders beginning in early May 2015. Click here for the full Genworth Bulletin on this.
Coverage effective on or after the state’s Partnership effective date and
through the Genworth partnership launch date, may be eligible for the state’s
Partnership Program if applicants chose the inflation options required by their
issue age. The requirements and state effective dates are listed below:
• Delaware: partnership program was effective November 1, 2011 and
Genworth launched partnership on July 21, 2014
Required Inflation Coverage based on age on original issue date:
• Ages 18-60: Compound inflation is required (3%, 5%)
• Ages 61-75: Some form of inflation protection is required (3%
Compound, 5% Equal, 5% Compound)
Customers with coverage effective on or after the state’s partnership effective
date will be notified if their coverage qualifies or does not qualify for Partnership
status. They will be sent a letter and the respective partnership notices.
