Effective August 18, 2014, Genworth will replace GenGuard® UL Conversion with Life Ready℠ UL II Conversion as the conversion product in all states, except New York. We will continue to assess additional conversion solutions.
Key Dates & Transition Rules:
|August 18, 2014||Life Ready UL II Conversion Available|
|Sept 2, 2014||Last date to submit Conversion Forms and projections for GenGuard UL Conversion to Home Office|
|Sept 20, 2014||Last policy date for GenGuard UL. Please remember that conversion dates must maintain the original monthiversay of the term insurance policy|
All Conversion Request Forms and projections for GenGuard® UL Conversions received prior to August 18, 2014, will be issued as GenGuard® UL Conversion.
Conversion Request Forms
• The Conversion without Evidence of Insurability Form (state variations) should be used for conversion requests of the same or lower face amount and underwriting class.
• Policy Change Form Part II (state variations) should be used for conversion where additional coverage is being added or a new underwriting class is being requested
Contact Calkins-Kramer to review your clients policy for conversion.