Genworth Introduces 5-year Fixed Index Annuity With Guaranteed 4% Minimum Accumulation Benefit

  Genworth Introduces 5-year Fixed Index Annuity With Guaranteed 4% Minimum
                             Accumulation Benefit

SecureLiving® Index 5 offers alternative to low interest rate alternatives

PR Newswire

RICHMOND, Va., June 17, 2013

RICHMOND, Va., June 17, 2013 /PRNewswire/ --Genworth today announced the
expansion of its family of SecureLiving® Fixed Index Annuities to include a
five-year, single premium, fixed deferred annuity with a four percent
guaranteed minimum accumulation value.

"Our new SecureLiving® Index 5 is a great tax-deferred accumulation option for
consumers whose CDs are coming up for renewal," said Pat Foley, president of
U.S. Life Insurance Distribution and Marketing at Genworth. "With interest
crediting linked to the S&P 500® Index, the Secure Living Index 5 has the
potential to outperform other financial products that are seeing historically
low interest rates such as CDs and Money Market accounts during the same time

As a fixed annuity, the contract value is protected against downturns in the
S&P 500® Index, meaning that all premium and interest credited can never be
lost due to index decline. SecureLiving Index 5 goes one step further and
guarantees 104 percent of the premium at the end of the surrender charge
period, less adjustments for withdrawals, even if there is an extended down
market. This important benefit is included in every contract at no additional

Beginning in the second year, contract owners may withdraw up to 10 percent of
the contract value each year without incurring a surrender charge or market
value adjustment. As an added measure of security, a bailout provision allows
the annuity owner to withdraw the entire contract value of the annuity,
without penalty, if the declared annual cap on the annual cap strategy falls
below the contract's bailout cap. The bailout cap is declared at contract
issue and will not change during the life of the contract.

SecureLiving® Index 5 has six interest-crediting strategies: two fixed rate
options and four index crediting rate options, including Genworth's
patent-pending CapMax^SM interest crediting methodology. Available
exclusively on Genworth's SecureLiving® Index Annuities, the CapMax option
provides the potential for the contract value to grow more quickly than with
traditional index crediting methods in years of consecutive positive index
growth. Each year, SecureLiving Index annuity contract owners can change their
strategy allocations.*

Genworth's SecureLiving family of fixed index annuities also includes
SecureLiving® Index 7 and SecureLiving® Index 10 Plus. SecureLiving® Index
Annuities are issued by Genworth Life and Annuity Insurance Company, Richmond,

*The five-year fixed interest crediting strategy is available only at contract
issue; in subsequent years, the contract owner can only allocate out of this
strategy. The one-year fixed interest crediting strategy is available to
allocate into after the first contract year.

About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance
holding company dedicated to helping people secure their financial lives,
families and futures. Genworth companies have leadership positions in
offerings that assist consumers in protecting themselves, investing for the
future and planning for retirement -- including life insurance, long term care
insurance, financial protection coverages, and independent advisor-based
wealth management -- and mortgage insurance that helps consumers achieve home
ownership while assisting lenders in managing their risk and capital.

Genworth operates through three divisions: U.S. Life Insurance, which includes
life insurance, long term care insurance and fixed annuities; Global Mortgage
Insurance, containing U.S. Mortgage Insurance and International Mortgage
Insurance segments; and the Corporate and Other division, which includes the
International Protection and Runoff segments and the wealth management
business presented as discontinued operations. Products and services are
offered through financial intermediaries, advisors, independent distributors
and sales specialists. Genworth Financial, Inc., headquartered in Richmond,
Virginia, traces its roots back to 1871 and became a public company in 2004.
For more information, From time to time, Genworth
Financial, Inc. releases important information via postings on its corporate
website. Accordingly, investors and other interested parties are encouraged to
enroll to receive automatic email alerts and Really Simple Syndication (RSS)
feeds regarding new postings. Enrollment information is found under the
"Investors" section

SecureLiving® Index 5 individual single premium deferred annuity with market
value adjustment and optional index interest crediting is issued by Genworth
Life and Annuity Insurance Company, policy form series GA3003-0711 et. al.
Products and/or riders may not be available in all states or markets. Features
and benefits may also vary by state or market.

All guarantees are based on the claims-paying ability of Genworth Life &

The discussion of tax treatments in this material is Genworth's interpretation
of current tax law and is not intended as tax advice. You should consult your
tax professional regarding your specific situation.

Withdrawals may be taxable and a 10% federal penalty may apply to withdrawals
taken before age 59½.

The S&P 500® Index is a price index and does not reflect dividends paid on the
underlying stocks.

The S&P 500® Index is a product of S&P Dow Jones Indices LLC ("SPDJI") and has
been licensed for use by Genworth Life and Annuity Insurance Company and
Genworth Life Insurance Company hereinafter referred to as "Licensee".
Standard & Poor's®, S&P®, and S&P 500® are registered trademarks of Standard &
Poor's Financial Services LLC ("S&P") and these trademarks have been licensed
for use by SPDJI and sublicensed for certain purposes by Licensee. Licensee
Index Annuity Product(s) are not sponsored, endorsed, sold or promoted by
SPDJI, S&P, or their respective affiliates, and none of such parties make any
representation regarding the advisability of investing in such product(s) nor
do they have any liability for any errors, omissions, or interruptions of the
S&P 500® Index.

Although the contract value may be affected by the performance of an index,
the contract is not a security and does not directly or indirectly participate
in any stock or equity investment including but not limited to, any dividend
payment attributable to any such stock or equity investment. This is a brief
product description. Consult the annuity contract for a detailed description
of benefits, limitations, and restrictions. The contract terms and provisions
will prevail.

SOURCE Genworth Financial, Inc.

Contact: Media: Genworth, Julie Westermann, 804-662-2423,
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