Issued by Genworth Life and Annuity Insurance Company

Withdrawal Year is the year between two Birthdays. It is the
period during which you can take your annual Withdrawal
Guarantee.
What is a Valuation Day Your Account will be invested in
mutual funds and ETF shares that are valued by the mutual
funds or the ETFs in accordance with applicable legal and
regulatory requirements. GFWM will calculate your Account
Value and provide it to us on each day the New York Stock
Exchange is open for trading. These days are referred to as
Valuation Days. If for any reason the share value of one or more
funds or exchange traded funds is not available to GFWM on a
Valuation Day, GFWM will calculate your Account Value
using the last share price provided by the fund or the exchange
traded funds.
Your initial Withdrawal Guarantee is equal to the Account
Value on your Certificate Date multiplied by the Withdrawal
Guarantee Factor.
Example: Assume in the following example that you are
the sole Owner and Participant and that you are invested in
accordance with the Balanced Risk-Return Profile with an
Account Value of $500,000. In this case, your initial
Withdrawal Guarantee is:
The Account Value: $500,000, multiplied by, the
Withdrawal Guarantee Factor of 5% for an Initial
Withdrawal Guarantee of $25,000.
Are you permitted to start taking Guaranteed Withdrawals
Immediately If you are over age 65 when the Certificate is
issued, you may begin to take Guaranteed Withdrawals
immediately or at anytime thereafter. In that case, if you take
Withdrawals before your next Birthday, you are limited to an
amount proportional to the number of days until your next
Birthday.
Example: Assume in the following example that you
are the sole Owner and Participant and that you are
invested in accordance with the Balanced Risk-Return
Profile with an Account Value of $500,000. Also
assume that today is March 31st, that your Birthday is
July 1st and that you are currently over 65 years old.
Your initial Withdrawal Guarantee is:
$500,000, multiplied by 5%;
for an initial Withdrawal Guarantee of $25,000.
If you wish to take Guaranteed Withdrawals before your
next Birthday, you may withdraw the following amount:
Withdrawal Guarantee of $25,000, multiplied by
91 days until your next birthday, divided by 360,
equals $6,319.44 in Guaranteed Withdrawals you may
take before your next Birthday.
You may take this $6,319.44 amount at any time before
your next Birthday. In each Withdrawal Year following
your first Birthday, you may take the full $25,000
amount of Guaranteed Withdrawals at any time during
the year (unless your Withdrawal Guarantee changes).
How are increases to the Withdrawal
Guarantee calculated
Increases (if any) may occur only on your Birthday.
Increases to the Withdrawal Guarantee can occur as a result of
additional investments in your Account that you make and by
positive investment performance by your Account. Each year
on your Birthday, we will perform a calculation to see if your
Withdrawal Guarantee is increased. If your Account Value,
multiplied by the then current Withdrawal Guarantee Factor,
equals an amount greater than your current Withdrawal
Guarantee, we will increase your Withdrawal Guarantee to the
higher amount. Once this increase occurs, your new Withdrawal
Guarantee can decrease only as set forth in the “How are
Decreases to the Withdrawal Guarantee calculated” section
below.
Example: Assume in the following example that you
are the sole Owner and Participant, that your initial
Account Value was $500,000 and that your initial
Withdrawal Guarantee was $25,000. Assume further
that as a result of additional investments you have made,
Guaranteed Withdrawals you have taken, gains and
losses in your Account and the various fees you have
paid from your Account, your current Account Value on
your next Birthday is $600,000.
Your new Withdrawal Guarantee would be:
The greater of your prior Withdrawal Guarantee of
$25,000 and,
Your current Account Value of $600,000, multiplied by,
the Withdrawal Guarantee Factor of 5%; equaling
$30,000.
Since $30,000 is greater than $25,000, your new
Withdrawal Guarantee is $30,000.
As noted above in “How is the Withdrawal Guarantee
Calculated — What is the Withdrawal Guarantee Factor,” we
reserve the right to change the Withdrawal Guarantee Factor on
January 1st of each year. If we reduce your Withdrawal
Guarantee Factor, it is less likely that your Withdrawal Guarantee
will increase on any subsequent Birthday. For example, if the
Withdrawal Guarantee Factor was 4% in the above Example
instead of 5% and all of the other assumptions were the same, the
preceding Withdrawal Guarantee would not have increased. The
Example is restated below to show the effect of a reduction in the
Withdrawal Guarantee Factor from 5% to 4%:
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