Monday, June 30, 2008

 

Genworth Financial Subsidiary Insurance Companies Launch IRA Variable Annuity

Genworth Life and Annuity Insurance Company and Genworth Life Insurance Company of New York, subsidiaries of Genworth Financial, Inc., have launched a new RetireReady IRA Annuity product. The IRA Annuity is a new retirement product that successfully combines the traditional benefits of an IRA with the ability to provide a guaranteed income stream that only an annuity can provide. This contract can only be issued as, and must be maintained as, an IRA, Roth IRA or SEP IRA contract or within such qualified accounts.

Genworth Financial Subsidiary Insurance Companies Launch IRA Variable Annuity
Source: Boston.com

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