Assignment of Commissions form Requirements for Genworth

Anatole T. -

The Assignment of Commissions form, for Genworth, is ONLY needed when you are contracting your producer to sell Long Term Care products (LTC).  Otherwise, if you are contracting the agent to sell any Genworth products other then LTC, then you do NOT need the Assignment of Commissions form.  SureLC will designate on Genworth's Hierarchy form (PIF page 9) that the producer is at a ZERO comp level, and place the Producer's Assignee in the hierarchy.

The comp level designation  along with the assignee added to the hierarchy section of this PIF page 9 is all you need to designate the producer assigning commissions.  (See example below).

For more information on how to set this up in your schedule settings, please CLICK HERE.  

 

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