News & Updates

5/7/2012

ColonySM Term UL Rate Changes and Colony Term UL 30 Temporary Suspension

The Genworth Financial companies announce an increase to rates on ColonySM Term UL 10 and ColonySM Term UL 20. Additionally, we will temporarily suspend sales of ColonySM Term UL 30. We believe that our strategic focus and actions are a prudent path for Genworth and support our commitment to our customers, producers and the Main Street consumers we serve.

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4/27/2012

Partners Advantage Reports Impressive Growth and Expands to New Headquarters

Riverside, CA (April 17, 2012) – In today’s economy it has been difficult for companies to survive, much less
thrive. In just the past five years, a challenging economy and competitive pressures have led a number of
independent insurance marketing organizations (IMO) to close, merge or sell. During this period, Partners
Advantage Insurance Services has continued to experience strong growth and expand its sales, staff and
services. The privately-held company has seen its revenues grow by 600 percent over the past five years.
As a result of its continued growth, Partners Advantage Insurance Services has relocated its headquarters to a
new and larger facility in Riverside, California. The move was precipitated by the company’s growth and the
desire to consolidate the operations of three California offices under one roof. The location also provides
addition space for the company to enhance its services and training opportunities for the agencies and
financial professionals it serves throughout the country.

Click to read full press release

4/26/2012

Commission and Product Changes for Genworth Colony Term UL

Very Important Commission and Product Changes for Genworth Colony Term UL

Effective April 13, 2012, all Colony Term UL policies with a $100,000 death benefit amount or lower that are eligible for Life Quick Request (LQR) must be submitted through LQR or the iLQR process through iPipeline or no commissions will be paid.

Genworth will NOT pay commissions on any Colony Term UL application of $100,000 and below received after April 13, 2012 (regardless of application signed date) if the application is eligible for Genworth's Life Quick Request process and is not submitted through LQR or iLQR. Compensation will not change for policies submitted through LQR and for policies that are not eligible for LQR.

Life Quick Request site at www.Genworth.com/lifequickrequest

Read full details here