Certain Reduced Benefit Options Will No Longer Be Available

This version includes a correction in date from the previous version. Please update your files accordingly.

Effective 01/26/15, Genworth will no longer be able to allow policyholders to change their policy benefits from 5% compound to 5% simple inflation.

Effective 03/03/15, in addition to the above, Genworth will no longer be able to allow policyholders to: make any changes to or to drop their inflation benefit; or to reduce their daily/monthly benefit amounts. For example, a policyholder will no longer able to change their inflation from compound to a lower compound or simple inflation or to reduce their daily benefit from $100/day to $80/day.

Policyholders will continue to be allowed to reduce or change their policies in the following way(s) to reduce their premium.

• Maximum Benefit
• Elimination Period
• Drop a policy rider such as Restoration of Benefits

*This change applies to all long term care policy forms issued in Kentucky

About Stephanie

Stephanie is the 3rd generation of Shaws to work for Shaw American. After graduating from Indiana University in 2011, Stephanie quickly found that life insurance was her true calling.