Genworth to Suspend Life and Annuity Sales Effective March 7
- By Michael Hall
- February 9, 2016
Genworth announced they are suspending all life and annuity sales, effective March 7th in order to focus their attention on the long-term care insurance market.
From Genworth (read the official announcement here):
Genworth has decided to direct its efforts exclusively on the market opportunity that provides the most potential for profitable growth and takes the greatest advantage of our expertise, long-term care insurance experience, and competitive strength: providing solutions that address the financial challenges of aging.
Click here for other frequently asked questions regarding the Q4 earnings report.