Genworth Announces New Conversion Product

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.


Posted by Calkins-Kramer Insurance, Inc. on August 06th 2014
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