Genworth suspends life and annuity sales

Genworth to Suspend Life and Annuity Sales Effective March 7

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.

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Posted in Annuities, Life and tagged Breaking News, Carrier News, Products
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