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Effective Monday, August 27, 2012 Genworth Financial will implement a rate increase for Colony Term UL 10 and 20 products. As a results of this change, planned premiums will increase an average of 5% for Colony Term UL Policies.

 

  • On Monday, August 27, 2012, point of sale systems and aggregator sites will be updated with pricing changes.
  • Friday, September 14, 2012 is the final date to receive applications at the prior rates in the Genworth home office, with these two exceptions:
  1. Tickets submitted through Genworth's LQR and iLQR platforms must be submitted prior to Monday, August 27, 2012 and applications must be received in the Genworth home office on or before Friday, September 21, 2012
  2. New York Reg 60 applications must be received in the Genworth home office on or before Friday, September 21, 2012.
  • New rates are effective for Colony Term UL applications and re-open requests received in the Genworth home office on or after Saturday, September 15, 2012.
  • Pending inventory as of Friday, September 14, 2012 will be processed at the prior rates, unless we receive notification to issue otherwise.
  • Reissue requests will be processed using the same rates that were in use when the policy was originally issued. 

 

Don't forget there are 2 Easy Ways To Submit Applications to Shaw American! 

  1. Complete the Shaw Assist form or full application and send it over to Shaw American either by fax 1-888-329-7429 or scan it to  [email protected]

     

  2. Complete the application electronically  yourself by going to iPipeline. 

For any questions please contact Shaw American at
1-800-626-5888 or email us at [email protected].
 Fax: 1-888-329-7429    Website: www.shawamerican.com