Q. Is my Genworth policy/contract secure? Yes. Policies and contracts are supported by the assets held within our underwriting insurance company that issued the policy or contract. These companies and their assets are separate from our holding company, Genworth Financial, Inc.. (Remember, the funds in the separate account for variable products are subject to market fluctuations and may lose value.)
Your policy is further protected by extensive state insurance regulations that provide an additional safety net for policyholders, if necessary.
Read more about the security of your policy or contract: Life Insurance | Long Term Care Insurance | Fixed Annuities | Variable Annuities
Q. If I have a claim, will it be paid? Yes, if you have an eligible claim. Our insurance underwriting companies are required by law to set aside, or reserve, a certain amount of money to ensure that we have sufficient assets to pay our claims. The assets of our insurance underwriting companies are separate from our holding company, Genworth Financial, Inc..
Q. What are the current industry ratings of the Genworth Financial companies? For our life companies, Genworth maintains financial strength ratings with four agencies: A.M. Best, Fitch, Standard and Poor's and Moody's. We maintain frequent and open communications with the rating agencies, and we have appropriate capital levels to support our credit ratings. For more information on Genworth's financial strength ratings, click here.
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