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Life Ready UL II Available for Traditional Premium Financing

Traditional Premium Financing

03-19-2008

Genworth is pleased to announce that their recently announced Life ReadySM UL II current assumption universal life insurance product is available for traditional premium financing from a specified list of
lenders.

Life Ready UL II is the only product they are presently making available for premium financing. They are evaluating the use of other products, so stay tuned.

Life Ready UL II is competitively priced for males up to age 80, right in the older age sweet spot for premium financing. And Life Ready UL II builds strong cash values that can help offset the growing
collateral requirements associated with longer duration loans.

In addition, the combination of our $5,000,000 retention limit and our $40,000,000 auto-bind limit is formidable. (Limits decrease significantly beginning at age 76.) Premium financing does not limit
the ability to autobind.

List of Lenders
Genworth will consider applications involving traditional premium financing programs with the following
lenders*:
• Mellon Bank
• Wells Fargo
• HSBC
* Genworth reviews lender programs only for consistency with insurable interest principles, and we continue to review new lender programs for consistency with these principles. Customers contemplating premium
financing arrangements should consult their own professional advisors to evaluate the programs that best fit their particular needs.

Submission Guidelines and Required Forms:

Genworth has developed comprehensive guidelines to assist you and the lender in submitting a Life Ready UL II application with premium financing. Be sure to read them thoroughly before submitting a
premium financing case.

− Premium Financing Guidelines (Form 44017 Prem Fin Guide 11/01/07)

Listed below is the full complement of disclosure forms, documents and materials necessary to submit a premium financing case.
• Lender Questionnaire (Form 43908 Lend Prem Fin 10/31/07)
• Agent Questionnaire (Form 43908 Agt Prem Fin 10/31/07)
• Owner’s Questionnaire (Form 43908 Own Prem Fin 10/31/07)
• The sales illustration and the premium financing illustration.
• All financing documents. For example:
− Loan or financing agreement
− Collateral assignment of the life insurance policy
− Loan term sheet
− Promissory note
− Letter of credit
• Any marketing materials about the lending program or those used in the sale of the policy
• If the proposed owner of the policy is not a natural person, any document describing how that
entity was formed and its powers. For example:
− Trust agreement, limited liability company agreement, partnership agreement

You may download the Questionnaires and Guidelines at pro.genworth.com, under Life Ready UL II with Premium Financing.

If you have any questions, or need your Life Ready UL II illustration in Excel format, your Life Marketer can help you.