Genworth Life and Annuity Insurance has launched RetireReady One, a streamlined variable annuity aimed at helping advisers more easily personalize a guaranteed income strategy for clients.

RetireReady features a simplified application, surrender charge schedule flexibility in a single contract and a more focused menu of underlying investment portfolios. The product also offers a basic death benefit and the ability to annuitize the contract to provide a guaranteed income stream. Guaranteed income rider options are available for an additional cost, but Genworth did not provide a prospectus with rider fees as of press time.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.