I wanted to make sure you saw this important note from Anthony Vossenberg, Genworth President of Distribution. While all of this is positive (improved substandard rates on UL, increased UL crediting rates and increased rates for annuities), of particular note is the reduction from $250,000 to $100,000 for term contracts not submitted through LQR to be commission eligible.
A Message from Anthony Vossenberg
You are a valued partner, and we want you to know that we heard your concerns about Genworth’s commitment to the life insurance and annuities businesses during our recent strategic review process. We understand that we need to demonstrate our commitment through actions to earn the right to more of your business.
We are committed to helping you grow your sales across all product lines. In addition to our turnkey marketing, educational offerings and thought leadership, we are actively working to bring you more competitive products. I’d like to highlight a few actions we’ve taken recently to build momentum: Continue reading Genworth Update