Genworth Life Insurance Company Page 1 of 43 Partnership Expansion Program Status Summary

Transcription

1 Genworth Life Insurance Company Page 1 of 43 Version Date: 07/21/14 Important Updates are Highlighted Launched States are Shaded Definitions and Table Entries Key State Name Has the state passed the laws necessary to allow them to join the DRA partnership program? (SPA) The state needs to file this with HHS and receive approval to start their program. Effective Date: The date that HHS approves the State Plan Amendment (SPA) Is the state ready to receive certification filings from carriers? Where we are in the process Whether or not the state will honor partnership policies from other DRA partnership states when it comes to allowing asset disregard when filing for Medicaid. All DRA states plus NY, IN and CT have reciprocity. CA does not. Most states must pass a law in order to direct their Medicaid department to file a State Plan Amendment (SPA) with the federal government (Department of Health and Human Services (HHS) in order to join the Deficit Reduction Act (DRA) Partnership Expansion Program. DRA: the Deficit Reduction Act of 2005 (approved 2/8/06) allows the various states to implement partnership programs. SPA: The state plan amendment modifies the Medicaid Program to allow asset disregard and specifies how the state will comply with the DRA rules. (Partnership) Effective Date: The date that the SPA is approved. This is the primary controlling date for partnership status. Policies sold on or after this date, or benefits/claims paid on or after this date are generally eligible for partnership treatment. The State is ready for carriers to submit policy filings for approval as partnership policies. The state has received approval of their SPA AND has passed the required legislation that specifies how their partnership program is supposed to work. The legislation or regulations normally provide guidance to carriers on how to file certifications as well as what disclosures and exchanges are mandated. Once a state is Operational and has issued regulations, Genworth Life reviews the rules to determine how to best meet the requirements. Some states mandate extensive systems changes or unique procedures. The status could be Under Internal Review (but not yet filed with the state), Filed, Approval Pending (waiting for state approval), Approved, Launch Pending (approved by the state but we have not formally launched yet) or Launched (with the date that we started formally marketing the partnership program). Training Information: Details for NAIC or Partnership-specific producer training will be shown here. Will states honor training received in a different state? Specific requirements in this state for what level of inflation protection is required to meet partnership qualification. Lists inflation protection options available with Genworth Life products, not necessarily the state s rules. For example, some states allow CPI (consumer price index) inflation protection, but this is not listed since it is not available with Genworth Life products) web sites that may be of interest.

2 Genworth Life Insurance Company Page 2 of 43 Alabama Alaska Not Required Approved Effective Date: 3/1/09 Launched 10/19/09 N/A Not Filed Exchange Program Requirements: Disclosures for qualifying policies/certificates issued on or after 3/1/09 were mailed on 10/19/09. No other endorsements or exchange offers are required or planned. Policies/certificates issued prior to 3/1/09 or those with non-qualifying inflation protection may exchange their policies/certificates via the internal replacement procedure. State has adopted new NAIC Producer Training Requirements New Producers licensed March 1, 2009 or later: Must complete an 8-hour course before representing LTCi. Producers licensed before March 1, 2009: The deadline to complete the initial 8-hour LTC training course is December 31, Clients age Compound inflation required (3%, 4%, 5%) Clients age Some form of inflation required (3% compound, 5% simple, 5% compound) New Producers licensed after July 1, 2011: Must complete an 8-hour course before representing LTCI Producers licensed before July 1, 2011: The deadline to complete the initial 8-hour LTC training course is July 1, Producers selling, soliciting or negotiating LTC Insurance must complete: - 4 hrs every 24 months

3 Genworth Life Insurance Company Page 3 of 43 Arizona Approved Effective Date: 7/1/2008 Launched Exchange Program Requirements: Disclosures for qualifying policies/certificates issued on or after 7/1/08 were mailed on 11/21/11. No other endorsements or exchange offers are required or planned. Policies/certificates issued prior to 7/1/08 or those with non-qualifying inflation protection may exchange their policies/certificates via the internal replacement procedure. Genworth Program: Launched 11/21/11 Producer Training Requirements Applications dated on or after 07/01/2009 Requirements: Producers selling, soliciting or negotiating LTC Insurance must complete: - 4 hrs every 24 months, non-residents only Clients age Compound inflation is required (2%, 3%, 4%,5%) Clients age Some form of inflation is required (2%, 3% or 4% compound, 5% simple, 5% compound)

4 Genworth Life Insurance Company Page 4 of 43 Arkansas Effective Date: 07/01/2008 Launched 6/15/09 Exchange Program Requirements: Disclosures for qualifying policies/certificates issued on or after 7/1/08 were mailed on 6/15/09. No other endorsements or exchange offers are required or planned. Policies/certificates issued prior to 7/1/08 or those with non-qualifying inflation protection may exchange their policies/certificates via the internal replacement procedure. New Producers licensed after July 1, 2008: Must complete an 8-hour course before representing LTCi before January 1, 2009 Producers licensed before July 1, 2008: The deadline to complete the initial 8-hour LTC training course is July 1, Producers selling, soliciting or negotiating LTC Insurance must complete: - 4 hrs every 24 months - Content on Arkansas Medicaid law is required to be part of each course, as detailed in the Arkansas Long-Term Care Training Guidelines Clients age Compound inflation required (3%, 4%, 5%) Clients age Some form of inflation required (3% or 4% compound, 5% simple, 5% compound)

5 Genworth Life Insurance Company Page 5 of 43 California Original Partnership No Pre-existing Rules Continue To Apply. Unique state-specific partnership program. Dollar for Dollar Asset Protection only. Policy stacking not allowed. If you have an existing LTC policy, you cannot purchase a partnership policy and keep the other policy. Minimum Benefit Increased to $180/day for 2014 General LTC training - Initial training: 8 hrs Renewal: 8 hrs every 2 yrs Partnership Initial training: 8 hrs Renewal: 8 hrs every 2 yrs See state website for further information

6 Genworth Life Insurance Company Page 6 of 43 Colorado Effective Date: 01/01/2008 Launched 9/15/08 3% Compound Launched 11/11/13 Colorado has revised the rules for Partnership qualification effective July 1, % Compound now qualifies for Partnership status for all ages. FPO inflation protection is now permitted for Partnership policies sold to individuals ages 76 and older. Policies sold prior to July 1, 2012, that did not meet Partnership requirements, are not eligible for Partnership status as a result of the rule change. o For example, a policy sold in 2011 with 3% compound for an insured age 55 was not issued as a Partnership policy. Such a policy does not become partnership qualified as a result of the revised CO rules. Applicants ages who purchased 3% compound inflation protection and ages 76 and over who purchased FPO, after July 1, 2012 may have received a disclosure from us indicating that the policy is not Partnership qualified. This occurred for policies printed from 7/1/12 to 2/11/13. Policies printed after 2/11/13 may not contain the appropriate Partnership notice. Replacement Partnership notices are being mailed in November and December 2013 Original Exchange Program Requirements: Disclosures for qualifying policies/certificates issued on or after 1/1/08 were mailed on 09/15/08. No other endorsements or exchange offers are required or planned. Policies/certificates issued prior to 1/1/08 or those with non-qualifying inflation protection may exchange their policies/certificates via the internal replacement procedure. Producer Training Requirements Applications dated on or after 01/01/2009 Requirements: One-Time 16-Hour Training, To Include 8-Hours Of General LTC Training And 8-Hours Of Specific Partnership Training The General LTC Training can be classroom, online or print but the Partnership portion must be classroom. 5-Hour Refresher Every Other Year, non-residents only (new 7/1/12) Clients age Compound inflation is required (2%, 3%, 4%,5%) Clients age Some form of inflation is required (2%, 3% or 4% compound, 5% simple, 5% compound)

7 Genworth Life Insurance Company Page 7 of 43 Connecticut Delaware District of Columbia Original Partnership, with IN and all DRA Partnership States (But not CA or NY). Filed and approved 3/27/12 Partnership Effective Date: 11/1/11 Launched 7/21/14 May Not Be Required Not Filed CT partnership is now approved for Medicaid reciprocity with other states offering partnership reciprocity. Minimum allowable benefit increased to $235/day or $7200/month for Effective 10/18/07, the Connecticut Partnership Certification Training Program will consist of a prerequisite Online Course and a new Partnership Classroom Training course. Producers who were previously certified by attending the full day Partnership Certification training course conducted by Connecticut Partnership staff will not be affected by the new training and can continue to sell LTCI Partnership policies in the state. However, they may choose to take the new Partnership Certification Training mentioned in the attached bulletin as a refresher course. Training is one time only: 3 hrs online, 4 hrs classroom See state website for further information Partnership launched 7/21/14. Mailings to existing Partnership Qualified policies (issued on or after 11/1/11 with age-appropriate inflation protection) will occur in early Clients age %, 4% or 5% compound inflation is required Clients age Some form of inflation is required (3% compound, 4% compound, 5% simple, 5% compound) TBD

8 Genworth Life Insurance Company Page 8 of 43 Florida Effective Date: 01/01/2007 Launched 7/30/07 Exchange Program: Disclosures were issued at launch for qualified policies sold after 1/1/07. Endorsements were issued for qualified policies issued prior to that date that met partnership rules. The exchange program for older policies (with initial effective dates on or after 3/1/03) is in development. The mailings occurred the weeks of Feb 11, and 18 and March 4, 11, 18 and April 1, Policies issued prior to 3/1/03 may achieve partnership status through the internal replacement procedure. State has recently withdrawn requirement for 2-Hour state specific Medicaid course but the below rules continue to apply until further notice Applications dated on or after 12/31/07 Producers selling, soliciting or negotiating LTC Insurance must complete: - 4 hrs every 24 months Clients age Compound inflation is required (3%, 5%) Clients age Some form of inflation is required (3% Compound, 5% simple, 5% compound)

9 Genworth Life Insurance Company Page 9 of 43 Georgia Effective Date: 01/01/2007 Launched 6/15/09 Exchange Program Requirements: Disclosures for qualifying policies/certificates issued on or after 1/1/07 were mailed on 06/15/09. No other endorsements or exchange offers are required or planned. Policies/certificates issued prior to 1/1/07 or those with non-qualifying inflation protection may exchange their policies/certificates via the internal replacement procedure. for Sale of Partnership Policies Only Applications dated on or after 6/15/ hrs every 24 months - Training includes Georgia Specific Medicaid Content Partial both resident and non-residents must complete a GA 2 hr specific course as a part of or in addition to the initial training.. Clients age Compound inflation is required (2%, 3%, 4%,5%) Clients age Some form of inflation is required (2%, 3% or 4% compound, 5% simple, 5% compound)

10 Genworth Life Insurance Company Page 10 of 43 Hawaii Idaho Not Filed Effective Date: 11/01/2006 But Details TBD Launched 12/4/06 One year from the date Hawaii adopts Partnership - 4 hrs every 24 months Exchange Program Requirements: Disclosures for qualifying policies/certificates issued on or after 11/1/06 were mailed on 12/04/06. No other endorsements or exchange offers are required or planned. Policies/certificates issued prior to 11/1/06 or those with non-qualifying inflation protection may exchange their policies/certificates via the internal replacement procedure. Applications dated on or after11/01/07-4 hrs every 24 months Clients age Compound inflation is required (5%) Clients age Some form of inflation is required (5% simple, 5% compound)

11 Genworth Life Insurance Company Page 11 of 43 Illinois Indiana Not Filed Original Partnership, with all DRA Partnership states plus CT but NOT CA or NY. Illinois is looking again at Partnership and has authorized the state Medicaid office to file a State Plan Amendment with HHS for approval. Once they file, get approval and complete rule making, the state will be in a position to accept carrier s partnership product certifications. Given this situation, we would not expect to launch Partnership in IL until 2015 or later. New Producers licensed after July 1, 2008: Must complete an 8-hour course (#25008) before representing LTCi Producers licensed before July 1, 2008 who have not completed course #09400: The deadline to complete the initial 8-hour LTC training course (#25008) is July 1, 2008 Producers licensed before July 1, 2008 who have completed course #09400: The deadline to complete the initial 8-hour LTC training course (#25008) is July 1, 2009 Producers selling, soliciting or negotiating LTC Insurance must complete: - 4 hrs every license renewal period - Resident producers must complete course number 25008, non-residents only Indiana offers Dollar for Dollar asset protection. Total Asset Protection is available if sufficient benefits are purchased. The amount is indexed and changes annually. Daily and Monthly minimums are $115/day and $3500/mo for Total Asset Protection is $305,603. Pre-existing Rules Continue To Apply Initial training: 8 hrs Renewal: 5 hrs every 2 yrs for a total of 10 hrs in 4 yrs by renewal date Partnership training: 7 hrs (one-time only) See state website for further information

12 Genworth Life Insurance Company Page 12 of 43 Iowa Not Required Effective Date: 01/01/2010 Approved, launched 8/15/11. Exchange Program: State requires policy exchanges back to Qualifying policies sold on or after 2/1/03 received partnership disclosures and/or endorsements. Non-qualifying policies sold on or after 2/1/03 were offered exchange replacements to qualified partnership policies. Exchange Program is complete. Note: PC Flex launched 8/15/11 for new business only that is, without any retroactive mailings. All retroactive mailings (disclosures, endorsements and exchange replacement offers) for both products are complete. Exchange offers for LTC Choice were mailed Jan 4 and 7, Policies issued prior to 2/1/03 may achieve partnership status through the internal replacement procedure. State Has Adopted New Producer Training Requirements Applications dated on or after 1/01/10-8 hours initial training -4 hours by the end of each 3-year renewal period following initial training -The state has published a list of approved courses for producers who have already completed training. -For producers who completed a 4 hour course, they will need to complete an additional 4 hour course by December 31, For producers who completed an 8-hour course not on the list, they will need to complete another 8-hour course by December 31, 2009., non-residents only (Pending State Approval) Clients age Compound inflation is required (3%, 4%, 5%) Clients age Some form of inflation is required (3% or 4% compound, 5% simple, 5% compound)

13 Genworth Life Insurance Company Page 13 of 43 Kansas Effective Date: 04/01/2007 Launched 6/16/08 Exchange Program Requirements: Disclosures for qualifying policies/certificates issued on or after 4/1/07 were mailed on 6/16/08. Exchange Program: KS issued exchange requirements after most carriers had launched products. Qualifying policies issued on or after 2/8/06 but before 7/1/07 were issued endorsements to convert their policies to partnership policies. Non qualifying policies (those with the wrong inflation protection for their age) were offered a replacement exchange to a partnership policy. Exchange offers were mailed the week of Jan 14, Policies issued prior to 2/8/06 may achieve partnership status through the internal replacement procedure. State Has Adopted New Producer Training Requirements Applications dated on or after 7/1/ hours initial training -1 hour by the end of each licensing biennium following initial training BIO Requirements Clients age Compound inflation is required (2%, 3%, 4%,5%) Clients age Some form of inflation is required (2%, 3% or 4% compound, 5% simple, 5% compound)

14 Genworth Life Insurance Company Page 14 of 43 Kentucky N/A Approved Effective Date: 06/16/08 Approved, launched 8/15/11. Exchange Program: Qualifying policies issued on or after 1/16/03 but before 6/16/08 received an endorsement to establish a new partnership effective date. Qualifying policies issued on or after 6/16/08 received disclosure notices indicating that their policies are partnership qualified. All retroactive mailings (endorsements and disclosures) are complete. Policies issued prior to 1/16/03 or those that do not meet partnership requirements may achieve partnership status through the internal replacement procedure. for Sale of Partnership Policies Only Applications dated on or after 8/15/ hrs each biennial continuing education compliance period following initial training BIO Requirements Clients age Compound inflation is required (3%, 4%, 5%) Clients age Some form of inflation is required (3% or 4% compound, 5% simple, 5% compound)

15 Genworth Life Insurance Company Page 15 of 43 Louisiana May Not Be Required Effective Date: 10/1/2009 Approved, launched 8/15/11. Louisiana requires that a unique disclosure be printed on the schedule page of each issued policy. Exchange Program: Policies issued on or after 10/1/2009 that meet inflation protection requirements were issued disclosures to indicate that they are partnership qualified. All retroactive mailings (disclosures) are in the mail as of December 5, State Has Adopted New Producer Training Requirements New Producers licensed after August 15, 2010: Must complete the 8-hour LTC training course prior to being appointed. Producers licensed on or before August 15, 2010: The deadline to complete the initial 8-hour LTC training course is August 15, hrs every 24 months thereafter BIO Requirements Clients age Compound inflation is required (2%, 3%, 4%,5%) Clients age Some form of inflation is required (2%, 3% or 4% compound, 5% simple, 5% compound)

16 Genworth Life Insurance Company Page 16 of 43 Maine Effective Date: 7/01/2009 Launched 6/7/10 Exchange Program: disclosure notices were mailed 6/7/10 to qualifying policies issued on or after the state s effective date of 7/1/09. ME Partnership Exchange Program has been completed. Maine has passed legislation requiring carriers to offer partnership exchanges by September Policyholders of certified policy forms, (e.g., choice 2.0 and later) with initial policy effective dates prior to 7/1/09 will be issued endorsements to establish a partnership effective date for these policies. This should cover all Choice 2, CSA, Choice 2.1, MFMP and LTCBS policies and certs that have initial effective dates on or after 7/1/04. Policyholders with policies initially effective on or after 7/1/04 that do not meet partnership requirements will receive a mailing indicating that they are eligible for an exchange replacement. Policyholders initially effective before 7/1/04 may request a review of their policy to determine if it meets partnership requirements. Such requests must be made by 9/28/12, submitted in writing and provided to the Operations compliance and Product teams for review and disposition. All exchange replacements (regardless of initial effective date) in Maine will be handled as internal replacements, using attained age for all benefits and will require underwriting. Maine has specified this approach. The mailing to eligible insureds is complete. State Has Adopted New Producer Training Requirements New Producers licensed after September 20, 2007: Must complete the 8-hour LTC training course prior to being appointed. Producers licensed before September 20, 2007: The deadline to complete the initial 8-hour LTC training course is July 1, hrs every 24 months thereafter BIO Requirements Clients age Compound inflation is required (3%, 4%, 5%) Clients age Some form of inflation is required (3% or 4% compound, 5% simple, 5% compound)

17 Genworth Life Insurance Company Page 17 of 43 Maryland Proposed Effective Date: 1/1/09 Launched: 12/6/2010 Partnership Policy Exchanges: Genworth Life converted qualifying policies sold on or after 1/1/09 to partnership policies during the Maryland Partnership Conversion Program completed in April Policies or certificates initially effective before 1/1/09 or those that do not meet partnership requirements may exchange for a partnership qualified policy/certificate through the normal internal replacement procedure. See Below Producers licensed before September 10, 2007 must complete a one-time 8-hour LTC training course by September 10, 2008, followed by 4 hrs of training every 24 months thereafter Producers licensed after September 10, 2007 must complete a one-time 8-hour LTC training course prior to licensing and appointment, followed by 4 hrs of training every 24 months thereafter State-approved LTC training courses are available through Thompson Prometric ( (Pending State Approval) Clients age Compound inflation is required (3%, 4%, 5%) Clients age Some form of inflation is required (3% or 4% compound, 5% simple, 5% compound)

18 Genworth Life Insurance Company Page 18 of 43 Massachusetts Michigan Proposed Not Filed Filed and disapproved. MI has stopped working on this for the time being. While not Partnership per se, the MassHealth rules have changed to require $125/day and two year benefit period for MassHealth qualification. The old rule required this benefit ($125/day and 2 years) to be available when entering a Nursing Facility to qualify for MassHealth. The new rule allows for use of LTCI benefits for home care without losing the MassHealth exemption. This rule is effective 1/23/13. Massachusetts LTCI Training Effective January 1, 2013 MA has adopted the NAIC producer training requirement as of 01/01/13. All producers selling LTC must complete an 8 hour NAIC initial training course and 4 hours every 24 months. The Genworth online training is no longer acceptable. All producers have until 07/01/14 to complete the training. Genworth will not require training for any MA applications dated between 01/01/13 and 07/01/14. If training is taken in an NAIC state other than MA, a 2 hour MA specific training course is also required A GA bulletin was distributed in May All producers selling, soliciting or negotiating long term care insurance in Michigan must complete a one-time training course. A producer can take an 8 hour or 4 hour MI course as the one time training. If the producer takes an 8 hour training in another NAIC state they must also complete the 1 hour MI state specific training in addition to the 8 hour class. The Genworth training is no longer acceptable.

19 Genworth Life Insurance Company Page 19 of 43 Minnesota Mississippi Effective Date: 07/01/2006 Launched 9/15/08 May Not Be Required Filed Exchange program: Partnership Disclosures were issued on 9/15/08 for qualifying policies issued on or after 7/1/06. Additional endorsements were issued for qualified policies issued before this date (choice 2.0 only) that meet inflation protection requirements, regardless of effective date. This endorsement mailing occurred the week of Feb 11, Earlier policies (such as LTC Choice or PCS I or PCS II) are not partnership eligible. Customers may replace current policies with a new policy to achieve partnership status it they wish, but the costs may be higher. Policies that do not meet partnership requirements may achieve partnership status through the internal replacement procedure. Applications dated on or after 1/1/08-4 hrs every 24 months - Content to include specific MN Medicaid information, non-residents producers that take an 8-hour NAIC course approved for use in another licensed state must also complete a 2hr Minnesota-specific course. Clients age Compound inflation is required (3%, 4%, 5%) Clients age Some form of inflation is required (3% compound, 5% simple, 5% compound) Medicaid Eligibility: State box: dhs.ltc.partnership@state.mn.us MS has filed their State Plan Amendment with HHS but has not yet published rules.

20 Genworth Life Insurance Company Page 20 of 43 Missouri Effective Date: 08/28/2007 but State Operational date: 8/1/08 Approved, launched 8/15/11. Exchange Program: Qualifying policies issued on or after 2/8/06 were offered an exchange to achieve partnership status. All retroactive individual LTC mailings (exchange replacement offers, endorsements and disclosures) are in the mail as of 12/5/2011. Group (LTCBS and MFMP) exchange replacement offers and endorsements were mailed in mid Policies/certificates issued before 2/8/06 may achieve partnership status through the internal replacement procedure. for Sale of Partnership Policies Only Applications dated on or after 8/15/ hrs by the end of each 2-year renewal period following initial training non-resident producers only Clients age Compound inflation is required (3%, 4%, 5%) Clients age Some form of inflation is required (2%, 3% or 4% compound, 5% simple, 5% compound)

21 Genworth Life Insurance Company Page 21 of 43 Montana Effective Date: 7/1/2009 Launched 12/6/2010 Exchange Program Requirements: Disclosures for qualifying policies/certificates issued on or after 7/1/09 were mailed on 12/06/10. No other endorsements or exchange offers are required or planned. Policies/certificates issued prior to 7/1/09 or those with non-qualifying inflation protection may exchange their policies/certificates via the internal replacement procedure. Applications dated on or after 7/1/08-4 hrs every 24 months Clients age Compound inflation is required (3%, 4%,5%) Clients age Some form of inflation is required (3% or 4% compound, 5% simple, 5% compound)

22 Genworth Life Insurance Company Page 22 of 43 Nebraska Effective Date: 07/01/2006 Launched 6/16/08 Exchange Program Requirements: Disclosures for qualifying policies/certificates issued on or after 7/1/06 were mailed on 06/16/08. No other endorsements or exchange offers are required or planned. Policies/certificates issued prior to 7/1/06 or those with non-qualifying inflation protection may exchange their policies/certificates via the internal replacement procedure. Applications dated on or after 8/1/08-4 hrs every 24 months Clients age Compound inflation is required (2%, 3%, 4%,5%) Clients age Some form of inflation is required (2%, 3% or 4% compound, 5% simple, 5% compound)

23 Genworth Life Insurance Company Page 23 of 43 Nevada Effective Date: 01/01/2007 Launched 11/11/13 Individual LTCi Partnership disclosures will be mailed in November/December 2013 to qualifying inforce policyholders with effective dates on or after 1/1/2007. Endorsements will be mailed to qualifying inforce policyholders with effective dates on or after 1/1/2007 who have aged in to partnership requirements. Exchange replacement offers will be mailed to non-qualifying policyholders issued on or after 1/1/2007. Group LTCi Group LTCi products have not been certified in Nevada. There is no exchange program planned. Coverage initially effective prior to 1/1/2007 and group certificate holders may obtain Partnership status by the normal internal replacement process. Applications dated on or after 10/1/ hrs every 24 months (Expected but not yet approved) Clients age Compound inflation is required (3%, 4%, 5%) Clients age Some form of inflation is required (2%, 3% or 4% compound, 5% simple, 5% compound)

24 Genworth Life Insurance Company Page 24 of 43 New Hampshire Filed and Approved Effective Date: 02/16/10 Launched 11/5/12 for Sale of Partnership Policies Only Replacement Exchanges: Qualifying policies issued on or after 2/8/06 but before 2/16/10 were issued endorsements to update these policies with a new partnership effective date. Non-qualifying policies issued on or after 2/8/06 were issued exchange replacement offers. Such exchanges must be completed within 365 days of launch in this state. Genworth Program: Partnership launch was completed in November, Mailings were issued Jan 4, Policies issued prior to 2/8/06 may achieve partnership status through the internal replacement procedure after we have launched partnership in NH. Applications dated on or after 11/5/12-4 hrs every 24 months Clients age Compound inflation is required (2%, 3%, 4%,5%) Clients age Some form of inflation is required (2%, 3% or 4% compound, 5% simple, 5% compound) Individuals may, upon reaching age 61 or 76, reduce their inflation protection to that required for the new age range.

25 Genworth Life Insurance Company Page 25 of 43 New Jersey New Mexico Proposed Effective Date: 11/23/2007; state Operational as of 7/1/2008 Launched 10/19/09 May Not Be Required Not Filed Exchange Program Requirements: Disclosures for qualifying policies/certificates issued on or after 11/23/07 were mailed on 10/19/09. No other endorsements or exchange offers are required or planned. Policies/certificates issued prior to 11/23/07 or those with non-qualifying inflation protection may exchange their policies/certificates via the internal replacement procedure. Producers licensed February 17, 2009 or later: Must complete the 8-hour LTC training course prior to being appointed. Producers licensed prior to February 17, 2009: The deadline to complete the initial 8-hour LTC training course is July 1, hrs every 24 months Clients age Compound inflation required (3%, 4%, 5%) Clients age Some form of inflation required (3% or 4% compound, %5 simple, 5% compound) Recently passed enabling legislation that directs the state agency to file a Medicaid State Plan Amendment. Once that is filed and approved by HHS, the state can issue final rules. With final rules, carriers will be able to file for certification, and then launch partnership products. Availability of Genworth Partnership products would be dependent on the NM timetable to complete these actions.

26 Genworth Life Insurance Company Page 26 of 43 New York Original Partnership Pre-existing Rules Continue To Apply. Dollar for Dollar or Total Asset Protection available. 1.5, 2, 3 and 4 year benefit periods permitted. Minimum daily benefit amount is indexed yearly. Benefits vary by policy option selected. New Plan effective 2/24/14: 2/4/50 total asset protection plan 3.5% Compound as an approved inflation protection option on all plans Reciprocity Rules The new NYP reciprocity rule provides for dollar for dollar asset protection for NYP policyholders who apply for Medicaid in a reciprocal state and similar asset protection for other states policies when the policyholder applies for Medicaid in NY. All existing NYP policyholders, regardless of original issue date, are eligible for reciprocal treatment. Benefit minimum increased to $274/day for Initial training: Agents must complete the NYS Partnership e-learning and pass the on-line monitored final exam. They will earn 6 continuing education (CE) credits. One-time only See state website for more information

27 Genworth Life Insurance Company Page 27 of 43 North Carolina Filed and Approved Effective date: 3/7/11 No Launched 11/5/12 for Sale of Partnership Policies Only Replacement Exchanges: Qualifying policies issued on or after 2/8/06 but before 3/7/11 were issued endorsements to update these policies with a new partnership effective date. Non-qualifying policies issued on or after 2/8/06 were issued exchange replacement offers. Such exchanges must be completed within 180 days of launch in this state. Genworth Program: Launched November, Exchange offers were mailed Jan 4 and 7 and 14, Policies issued prior to 2/8/06 may achieve partnership status through the internal replacement procedure after we have launched partnership in NC. Applications dated on or after 11/5/12 Producers soliciting or selling LTC Insurance must complete: - 4 hrs every biennial compliance period thereafter Clients age Compound inflation is required (3%, 4%, 5%) Clients age Some form of inflation is required (2%, 3% or 4% compound, 5% simple, 5% compound)

28 Genworth Life Insurance Company Page 28 of 43 North Dakota Effective Date: 01/01/2007. Launched 3/31/08 Exchange Program Requirements: Disclosures for qualifying policies/certificates issued on or after 01/01/2007 were mailed on 3/31/08. No other endorsements or exchange offers are required or planned. Policies/certificates issued prior to 01/01/2007 or those with non-qualifying inflation protection may exchange their policies/certificates via the internal replacement procedure. Applications dated on or after 7/1/08-4 hrs every 24 months Clients age Compound inflation is required (2%, 3%, 4%,5%) Clients age Some form of inflation is required (2%, 3% or 4% compound, 5% simple, 5% compound) DOI Producer Site: Medicaid Site:

29 Genworth Life Insurance Company Page 29 of 43 Ohio Filed and Approved Effective Date: 09/10/2007 Launched 6/16/08 Policy exchanges: Disclosures were issued at launch to qualified policyholders with effective dates after 9/10/07. Exchanges were offered on 12/13/08 to qualified policyholders with effective dates on or after 8/12/02. These two program tasks are complete. The third and final effort to issue endorsements to Choice 2.0, Choice 2.1, Cornerstone or Group Policies issued on or after 8/12/02 and before 9/10/07 was completed 7/26/10. Policies issued prior to 8/12/02 are not eligible for an exchange. These customers can replace their policy with a new policy to achieve partnership status through the normal internal replacement procedure.. Policies issued prior to 8/12/02 may achieve partnership status through the internal replacement procedure. Applications dated on or after 9/1/08-4-hour course by the end of each 2-year renewal period following initial training, non-residents only Clients age Compound inflation is required (3%, 4%, 5%) Clients age Some form of inflation is required (3% or 4% compound, 5% simple, 5% compound) :

30 Genworth Life Insurance Company Page 30 of 43 Oklahoma N/A Effective Date: 7/14/2008 Approved, launched 8/15/11. Exchange Program: Qualifying policies/certificates issued on or after 2/8/06 but before 7/13/08 received an endorsement to establish a new partnership effective date. Qualifying policies/certificates issued on or after 7/13/08 received disclosure notices indicating that their policies are partnership qualified. Note: PC Flex was launched 8/15/11 as partnership for new business only. MFMP will launch as partnership in April All retroactive mailings (exchange replacement offers, endorsements and disclosures) are complete. Policies issued prior to 2/8/06 may achieve partnership status through the internal replacement procedure.. New Producers licensed after July 14, 2008: Must complete an 8-hour course before representing LTCi Producers licensed before July 14, 2008: The deadline to complete the initial 8-hour LTC training course is July 14, Producers selling, soliciting or negotiating LTC Insurance must complete: - 4 hrs each licensing renewal period Clients age Compound inflation is required (3%, 4%, 5%) Clients age Some form of inflation is required (3% or 4% compound, 5% simple, 5% compound)

31 Genworth Life Insurance Company Page 31 of 43 Oregon Effective Date: 1/1/2008 Launched 6/15/09 Exchange Program Requirements: Disclosures for qualifying policies/certificates issued on or after 01/01/2008 were mailed on 06/15/09. No other endorsements or exchange offers are required or planned. Policies/certificates issued prior to 01/01/2008 or those with non-qualifying inflation protection may exchange their policies/certificates via the internal replacement procedure. Applications dated on or after 1/31/08-4 hrs every 24 months TBD Clients age Compound inflation is required (3%, 4%, 5%) Clients age Some form of inflation is required (3% or 4% compound, 5% simple, 5% compound)

32 Genworth Life Insurance Company Page 32 of 43 Pennsylvania Filed and Approved Effective Date: 07/01/2007, but state s official program implementation date was 9/15/2007 Launched 2/8/10 Exchange Program: Partnership was launched on 2/8/10 for new business only with Choice 2.1. No retroactive mailings were completed at that time. Non-qualifying policies issued on or after 2/8/06 were offered an exchange and qualifying policies issued on or after 2/8/06 but before 7/1/07 received an endorsement to establish a new partnership effective date. Qualifying Choice 2.0 policies issued on or after 7/1/07 received disclosure notices indicating that their policies are partnership qualified. The exchange offers, endorsements and disclosures were issued the weeks of Jan 21, and Feb 4, (Flex policies were launched as partnership, so all of these would have gotten the required disclosures at point of sale and at policy print.) Policies issued prior to 2/8/06 may achieve partnership status through the internal replacement procedure. MFMP was not partnership qualified in PA due to the state not accepting DC Certificates as partnership eligible. Applicants interested in Partnership were advised to select a different product. NAIC Producer Training Requirements for Sale of Partnership Policies Only New Producers licensed after April 1, 2011: Must complete the 8-hour LTC training course prior to being appointed. Producers licensed on or before April : The deadline to complete the initial 8-hour LTC training course is April 1, Producers soliciting or selling LTC Insurance must complete: 8 hrs of initial training (For resident producers, 1 hour Medicaid training is included in all Pennsylvania NAIC approved courses. Non-resident producers are not required to take the 1 hour Medicaid training.) 4 hrs every 24 months licensing cycle thereafter Clients age Compound inflation required (3%, 4%, 5%) Clients age Some form of inflation required (3% or 4% compound, %5 simple, 5% compound) State Partnership FAQs: Department Of Aging (Own Your Future): Medicaid Resource Limits:

33 Genworth Life Insurance Company Page 33 of 43 Rhode Island Approved Effective Date: 07/1/08 Launched 10/19/09 Exchange Program Requirements: Disclosures for qualifying policies/certificates issued on or after 07/01/08 were mailed on 10/19/09. No other endorsements or exchange offers are required or planned. Policies/certificates issued prior to 07/01/08 or those with non-qualifying inflation protection may exchange their policies/certificates via the internal replacement procedure. See Below Producers licensed before January 1, 2008 must complete a one-time 8-hour LTC training course by July 1, 2008, followed by 4 hrs of training every 24 months thereafter Producers licensed after January 1,2008 must complete a one-time 8-hour LTC training course prior to licensing and appointment, followed by 4 hrs of training every 24 months thereafter Clients age Compound inflation is required (3%, 4%, 5%) Clients age Some form of inflation is required (2%, 3% or 4% compound, 5% simple, 5% compound)

34 Genworth Life Insurance Company Page 34 of 43 South Carolina N/A Approved Effective Date: 1/1/09 Launched 10/19/09 Exchange Program Requirements: Disclosures for qualifying policies/certificates issued on or after 01/01/09 were mailed on 10/19/09. No other endorsements or exchange offers are required or planned. Policies/certificates issued prior to 01/01/09 or those with non-qualifying inflation protection may exchange their policies/certificates via the internal replacement procedure. State Has Adopted New Producer Training Requirements Applications dated on or after 7/01/09-4 hrs every 2 years Clients age Compound inflation is required (3%, 4%, 5%) Clients age Some form of inflation is required (3% or 4% compound, 5% simple, 5% compound)

35 Genworth Life Insurance Company Page 35 of 43 South Dakota Effective Date: 07/01/2007 Launched 3/31/08 Exchange Program Requirements: Disclosures for qualifying policies/certificates issued on or after 07/01/2007 were mailed on 3/31/08. No other endorsements or exchange offers are required or planned. Policies/certificates issued prior to 07/01/2007 or those with non-qualifying inflation protection may exchange their policies/certificates via the internal replacement procedure. Applications dated on or after 7/1/08-4 hrs by July 1 st of even numbered years Clients age Compound inflation is required (3%, 4%, 5%) Clients age Some form of inflation is required (3% or 4% compound, 5% simple, 5% compound) DOI Information On Partnership:

36 Genworth Life Insurance Company Page 36 of 43 Tennessee Filed and approved Effective Date: 10/1/2008 Launched 6/7/10 Exchange Program: Qualifying policies issued on or after 10/1/08 were mailed 6/7/10 a disclosure notice indicating that their policies are partnership qualified. Qualifying policies issued on or after 2/8/06 but before 10/1/08 are receiving an endorsement (in the mail as of December 5, 2011). Policies/certificates effective prior to 2/8/06 or those not meeting partnership requirements may achieve partnership status through the internal replacement procedure. State has adopted New Producer Training Requirements Producers licensed as of 7/1/08 may continue to sell long term care products, but must complete a onetime training course by 7/1/09 and ongoing training every 24 months thereafter. Those who were not yet licensed producers as of 7/1/08 must obtain the initial course before beginning to sell long term care insurance products. The one-time training shall be no less than eight hours and the ongoing training shall be no less than four hours. Producers who are exempt from general continuing education requirements (those who have been licensed continuously since 1/1/1994) are also exempt from the four-hour ongoing courses. (but are not exempt from the 8 hour training) Training can be classroom or online. TN residents required to take a course approved by TN DOI. Non-Resident producers in TN who have completed an 8 hr NAIC approved course in any licensed state will receive reciprocal recognition. Clients age Compound inflation is required (2%, 3%, 4%,5%) Clients age Some form of inflation is required (2%, 3% or 4% compound, 5% simple, 5% compound)

37 Genworth Life Insurance Company Page 37 of 43 Texas Effective Date: 3/1/2008 Launched 6/7/10 Exchange Program: Qualifying policies issued on or after 3/1/08 received disclosure notices (mailed 6/7/10) indicating that their policies are partnership qualified. Non-qualifying policies issued on or after 2/8/06 were offered an exchange summer Qualifying policies issued on or after 2/8/06 but before 3/1/08 received an endorsement to establish a new partnership effective date. Individual LTC product exchange program occurred during summer Group Product (MFMP, LTCBS) was completed in 3Q12. Policies issued prior to 2/8/06 may achieve partnership status through the internal replacement procedure. for Sale of Partnership Policies Only State Has Adopted New Producer Training Requirements See Below Producers licensed before August 5, 2008 must complete a one-time 8-hour LTC training course by January 1, 2009 (or the date the insurer launches Partnership), followed by 4 hrs of training every 24 months thereafter (4 hour course has to be approved as CE) Producers licensed on or after August 5, 2008 must complete a one-time 8-hour LTC training course the date the insurer launches Partnership, followed by 4 hrs of training every 24 months thereafter Texas residents required to take a course approved by Texas DOI. Non-Residents producers in Texas who have completed their resident state s Partnership training get reciprocal recognition. Clients age Compound inflation is required (2%, 3%, 4%,5%) Clients age Some form of inflation is required (2%, 3% or 4% compound, 5% simple, 5% compound) Own Your Future: CHCS Poster:

38 Genworth Life Insurance Company Page 38 of 43 Utah May Not Be Required Not Filed Applications dated on or after 5/10/11-3 hrs of initial training - 3 hrs by each subsequent two-year licensing period Reciprocity is available for resident producers in the state of Utah for any 8-hour NAIC approved initial training course or 4-hour NAIC approved renewal training course. Non-residents of Utah are not required to meet this Training Requirement. Vermont Proposed Not Filed NOTE: Genworth does not currently market individual LTC products in VT. State Has Adopted New Producer Training Requirements New Producers licensed after March 31, 2010: Must complete an 8-hour course before representing LTCi Producers licensed before March 31, 2010: The deadline to complete the initial 8-hour LTC training course is March 31, Producers selling, soliciting or negotiating LTC Insurance must complete: - 4 hrs every 24 months ending March 31 st of odd-numbered calendar years, with the clarification that all producers are required to take a 2-Hr course specific to Vermont Medicaid

39 Genworth Life Insurance Company Page 39 of 43 Virginia Effective Date: 09/01/2007, as of 9/01/2007 launched 9/1/07 Exchange Program Requirements: Partnership launched 9/1/07 for new business going forward. Policies/certificates issued prior to 09/01/2007 or those with non-qualifying inflation protection may exchange their policies/certificates via the internal replacement procedure. MFMP was not partnership qualified in VA due to the state not accepting DC Certificates as partnership eligible. Applicants interested in Partnership were advised to select a different product. for Sale of Partnership Policies Only Applications dated on or after 9/1/07 Criteria: Producers soliciting or selling LTC Insurance (partnership or non-partnership) must complete:, 2 of which must be partnership specific 4 hrs every 24 months, 2 of which must be partnership specific, with the clarification that all producers are required to take a 2-Hr partnership course approved in Virginia as CE for LTC Partnership Clients age Compound inflation is required (3%, 4%, 5%) Clients age Some form of inflation is required (2%, 3% or 4% compound, 5% simple, 5% compound) Virginia Partnership consumer website: Virginia Medicaid Site:

40 Genworth Life Insurance Company Page 40 of 43 Washington Filed and Approved Effective Date: 1/1/12 Launched 11/11/13 Reciprocity: Individual LTCi and MFMP/AARP Inforce Mailings Partnership disclosures were mailed in November/December 2013 to qualifying inforce policyholders and certificate holders with effective dates on or after 1/1/2012. Endorsements were mailed to qualifying inforce policyholders and certificate holders with effective dates on or after 2/8/2006 but before 1/1/2012. Exchange replacement offers were mailed to non-qualifying policyholders and certificate holders issued on or after 2/8/2006. Coverage initially effective prior to 2/8/06 and may obtain Partnership status by the normal internal replacement process. Clients age Compound inflation is required (3%, 4%, 5%) Clients age Some form of inflation is required (3% or 4% compound, 5% simple, 5% compound) State has adopted new training requirements. See Below Producers licensed before January 1, 2009 must complete a one-time 8-hour LTC training course by July 1, 2009, followed by 4 hrs of training every 24 months thereafter Producers licensed after January 1, 2009 must complete a one-time 8-hour LTC training course prior to licensing and appointment, followed by 4 hrs of training every 24 months thereafter