Wednesday, March 31, 2010


Annuity With LTC Rider Debuts

Genworth Financial Inc. (NYSE:GNW) is rolling out a linked-benefit policy that links single premium non-qualified deferred annuity with a long term care insurance rider.

Called the Total Living Coverage Annuity, the policy is being underwritten by Genworth Life Insurance Company, a unit of Genworth, Richmond, Va.

The contract allows policyholders to use their annuity value to purchase LTC insurance coverage up to three times the amount of their single premium, says Buck Stinson, president of Genworth's U.S. Life Insurance Products...

L&HN: Annuity With LTC Rider Debuts

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