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Latest News

 

American Amicable Announces New Rider

American Amicable Announces New Waiver of Premium Nursing Home Rider

American Amicable is happy to announce the addition of the exciting, new Nursing Home Waiver of Premium Rider available on their Final Expense product. 
 
Nursing Home Waiver of Premium Rider – Key Points:
 
• Available for sale beginning with applications dated Wednesday, December 12th.
 
• This rider (Policy Form No. 9884) waives premium payments during the Insured’s confinement in a qualified nursing home after 90 days of continuous confinement when the care is recommended by a physician after the rider is in effect.
 
• Available to those clients who qualify for the Immediate Death Benefit Plan
 
• Issue Ages 50 to 85
 

United Home Life Announces Whole Life Product Changes

United Home Life Announces Changes

Age Last Birthday!
Our whole life products are moving to age last birthday (ALB).This change positions us well with our competitors.  Effective December 1, 2012.
*In all states where approved.
 
Modal Factor Reductions! 
New Modal Factors for ALB Whole Life Products
• Semi-Annual     
• Quarterly          
• Monthly PAC                
• Direct Monthly Bill      
 

Mutual of Omaha Portfolio in 2013

Mutual of Omaha Announces Changes for 2013

In addition to the mandated changes we are required to make to our United of Omaha and Companion Life Guaranteed Universal Life (GUL) solutions portfolio due to AG38, we are also changing GUL, GUL Express, and GUL Survivor to non-Illustrated products and discontinuing some of the other Life products that are not key parts of our long-term strategy.
 
As you’re aware, on September 12, 2012 the NAIC adopted revisions to AG38 (the reserving regulation that governs Universal Life Products) with an effective date of January 1, 2013. We will be adjusting rates to align with our Company strategy and AG38. More information on the rates for applications dated in 2013 will be available in the coming weeks.
 

Genworth To Launch New Process to Access Information

Genworth To Launch New Process to Access Documents and Updates to Genworth PRO

Effective November 9, 2012, documents currently mailed to you will be available online at Genworth Pro, giving you immediate access to the documents you need.
 
In late January, these documents will no longer be mailed.
 
At this time, the migration of documents to Pro is applicable to all Life Insurance products. Genworth anticipates making this available to other product lines in the future. 
 
Effective November 27, 2012, the Inforce tab of “Other Genworth Business” and the “Production Reporting” features of Genworth Pro will retire.