Effective January 1, 2020, the Genworth U.S. Life Insurance companies (Genworth) will replace the Life Ready UL II, Life Ready UL II NY, and the Lifetime Protector SG II conversion products with the new Genworth Whole Life Conversion Policy as the conversion product in all states.

Also, effective January 1, 2020, Genworth will be updating the national term requalification product, Colony Term, in all states except New York.

Key Dates & Transition Rules
Genworth will begin accepting forms for the new/updated products effective December 23, 2019.

Conversion Requests received prior to December 23, 2019, will be issued as Life Ready UL II, Life Ready UL II NY, or Lifetime Protector SG II. However, the last available policy effective date for Life Ready UL II, Life Ready UL II NY, or Lifetime Protector SG II will be December 31, 2019.

Requests received for the Term Requalification product prior to December 23, 2019, will be issued as the current Colony Term life insurance policy. However, the last available policy effective date for the current Colony Term life insurance policy will be December 31, 2019.

Any Conversion or Term Requalification requests received December 23, 2019, or later will be issued as the new Genworth Whole Life Conversion Policy or the updated Colony Term 10 life insurance policy, respectively. Policy effective dates will be January 1, 2020, or later.

Any Conversion or Term Requalification requests received prior to December 23, 2019, that cannot be issued with an effective date of December 31, 2019, or earlier, will be issued as the new Genworth Whole Life Conversion Policy or the updated Colony Term 10 life insurance policy, respectively, with an effective date of January 1, 2020 or later.

Compensation
Effective January 1, 2020, Genworth will not pay first year or renewal commissions on the new Genworth Whole Life Conversion Policy or the updated Colony Term 10 requalification product.

Genworth Whole Life Conversion Policy is a whole life insurance policy issued by Genworth Life Insurance Company, Genworth Life and Annuity Insurance Company, and Genworth Life Insurance Company of New York. The policy is subject to the terms and conditions of its policy form, and to state availability, and to issue limitations and may not be available in all states. Terms and conditions may vary by state. Policy terms and provisions will prevail.

Genworth Whole Life Conversion Policy is subject to the terms, issue limitations, and conditions of Policy Form Nos. ICC19-GL1200, ICC19-GA1200, GL1200 et al, GA1200 et al, ICC19-GL1201, ICC19-GA1201, GL1201 et al, GA1201 et al, ICC19-GL138E, and ICC19-GA138E and in New York GY1200 and GY1201. Policy benefits may not be available in all states. Terms and conditions may vary by state.

ColonySM Term 10 is a term life insurance policy issued by Genworth Life Insurance Company and Genworth Life and Annuity Insurance Company. The policy is subject to the terms and conditions of its policy form, and to state availability, and to issue limitations and may not be available in all states. Terms and conditions may vary by state. Policy terms and provisions will prevail.

ColonySM Term 10 is subject to the terms, issue limitations, and conditions of Policy Form Nos ICC14GL1008, ICC14GA1008, GL1008-0714 et al, and GA1008-0714 et al. Policy benefits may not be available in all states. Terms and conditions may vary by state.

All guarantees are based upon the claims-paying ability of the issuing insurance company.

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