Genworth continues to invest in enhancing underwriting practices that help make long term care insurance more accessible to consumers. In January and February, we enhanced underwriting with the expansion of allowable impairments and introduced a Counter Offer Program.
On April 4, we will make significant changes to underwriting requirements to improve the new business experience for our sales partners and consumers. These changes will help streamline our new business process and make doing business with Genworth faster and easier. Click here for the original Genworth Bulletin with full details.
On April 4, Genworth will make the following improvements:
- Reducing Use of Examiner Reports and Labs Examiner reports and labs will no longer be automatically required for all applicants.
- Introducing an Underwriter Phone Interview
- Introducing a Select Only Underwriting Segment for Smaller Coverage Amounts
- Updated Underwriting Requirements (see full Genworth Bulletin for grid)