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July 29, 2009 at 08:00 PM
Genworth Life And Annuity Insurance Company (Genworth), Richmond, Va., a subsidiary of Genworth Financial Inc., has launched RetireReady One, its newest variable annuity. A more streamlined income product with all-in-one flexibility, RetireReady One is designed to improve the advisors’ experience with focused options to make it easier to personalize a guaranteed income strategy for clients.
RetireReady One includes a simplified application, surrender charge schedule flexibility in a single contract and a more focused menu of underlying investment portfolios.
According to the Employee Benefits Research Institute’s 2009 Retirement Confidence Survey, workers who say they are very confident about having enough money for a comfortable retirement dropped to 13% (down from 41% in 2007) the lowest level since the survey’s inception in 1993.
