Genworth Financial has suspended all sales of traditional life insurance and fixed annuity products in the first quarter of 2016.
Service to the existing 2.8 million life and annuity policy and contract holders remains unchanged currently.
Genworth announced they will be suspend the Annuity and Life business effective March 7, 2016. Life Quick Requests must be received by February 12th, 2016.
Preliminary, the last date that Genworth will accept Life and/or Annuity applications is March 7, 2016.
The Life and Annuities New Business areas will have a recorded message that says: "Today is Friday, February 5, due to the recent announcement that Genworth is suspending sales of all life insurance and annuity products, the life insurance and annuity New Business areas are closed today. These areas will resume normal business hours on Monday, February 8. Until then, you may visit us online at genworth.com."
Official press release