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Home > Financial Services > Annuities > Genworth Financial
Genworth Financial
Genworth Financialprotects families, individually and in the workplace, with life insurance products, long term care insurance, payment protection insurance, and employee health, dental and disability coverage. They provide financial security with retirement income and investment products, including innovative individual and group annuities that provide people with paychecks they can’t survive.
An annuity is the only investment that can guarantee you payments for the rest of your life. Planning for retirement is one of the biggest challenges, which Americans are facing today. With concerns related to Social Security and the decline in the number of corporate pension plans, you may be shouldering more of the responsibility for your retirement income. They offer various products such as variable, fixed and immediate annuity that helps to low down your burden.
A variable annuity is a long term investment designed for retirement purposes. Combining the worlds of insurance and investing, a variable annuity is best described by its two phases investing money, and then receiving future payouts. During the investment phase, which runs from the date you invest until the date you begin receiving annuity payments, you'll choose how your investment is allocated across a number of diversified investment choices.
Fixed annuities have a fixed rate of interest for a specified period of time. Consumers who are planning for retirement and are interested in a predictable rate of return, as the interest rate will never fall below specified minimums generally select them. Fixed annuities offer a guaranteed return of principal based on the claims paying ability of the issuing insurance company.
An immediate annuity provides that you pay an on time premium in return for a guaranteed series of payments generally beginning within one year of the issue date and continuing over a period of years. That’s why it's important to consider annuities. Annuities are long term financial contracts issued by insurance companies that are designed to provide a series of payments to a named individual in exchange for a premium or a series of premiums.
Genworth Financial is dedicated to helping individuals and families achieve their goals in a world of shifting financial burdens. They help to achieve goalsfor families by providing mortgage insurance in the U.S. and 12 other countries, helping people secure low down payment loans to own their own homes many for the first time.
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