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.
During the payout phase you may choose to remain invested in those portfolios, or reallocate to receive a fixed rate of return. Regardless of how your assets are invested throughout this phase, you'll have the opportunity to receive guaranteed annuity payments for the rest of your life (or your spouse's), with the payments based on the contract value at the time of annuitization. All guarantees are based on the claims-paying ability of the issuing insurance company. Guarantees do not apply to the performance of the underlying portfolios, which will fluctuate and may lose value.
Variable annuities are sold by product and portfolio prospectuses. The prospectuses contain information on the investment objectives, risk factors, fees and charges, as well as other important information about the product and investment companies, which should be carefully read and considered before investing. You can obtain prospectuses for variable annuities by contacting your financial representative.
Variable annuities from the Genworth family of companies are underwritten by Capital Brokerage Corporation (dba Genworth Financial Brokerage Corporation in MN, IN, NM and TX) - member FINRA/SIPC.
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View prospectuses
View prospectuses for the variable annuity products from the Genworth family of companies.
