Issued by Genworth Life and Annuity Insurance Company

We will then pay you the remaining amount of the current
year’s Guaranteed Income, reduced by the amount of
Withdrawals you have made since your last Birthday. On each
subsequent Birthday we will make payments to you equal to the
Withdrawal Guarantee. We will make other payment options
available, such as monthly or quarterly, so long as each
scheduled payment is $100 or more.
Example: Assume for this example that your
Withdrawal Guarantee is $35,000, that today is
March 31st, that your Birthday is July 1st and that you
have made withdrawals of $25,000 since your last
Birthday. Also assume that at the end of the day today
your Account Value fell to $34,500 due to a day of
negative stock and bond performance. Additionally,
assume that your Account Value at the end of the 30 day
Notice Period is $35,250 due to a rise in the market.
Your Account Value has fallen below your Withdrawal
Guarantee, triggering the 30-day Notice Period.
First day of the Notice Period: April 1st.
Notice Period ends: April 30th.
Actions required if you wish to move to the Guarantee
Phase: None (unless GFWM or your custodian requires
your written authorization for transfer).
Premium paid to us on the Annuity Exercise Date of
May 1st: $35,250.
Guaranteed Income Amount: $35,000 annually for life.
Payment we will make to you immediately: $10,000
(for the remaining annual payment since your last
Birthday).
Payment we will make to you on your next Birthday:
$35,000.
Total amount guaranteed to be paid to you or your estate
even if you die immediately after May 1st: $35,250.
When your Account Value falls below $20,000 for your
GFWM Account. If your Account Value is less than $20,000
for your GFWM Account, the same procedure applies as it
would in the case of your Account Value falling below your
Withdrawal Guarantee, except that the triggering Account
Value is $20,000, not the Withdrawal Guarantee.
When you reach age 100. If the Notice Period has not yet been
triggered by your Account Value falling below your Withdrawal
Guarantee or $20,000, it will be triggered automatically when you
are 30 days from reaching the age 100. In the case of a Certificate
issued with Joint Participants, this will be the younger of the
Participants reaching age 100. The same procedures apply to the
calculation of the Guaranteed Income in this case.
At any time prior to you (or the younger Participant in the case
of Joint Participants) reaching age 100, and even if your
Account Value is greater than your most recently determined
Withdrawal Guarantee or $20,000, the Participant may elect to
begin receiving payments under the “Alternative Annuity
Payment” provision specified in the Certificate. Payments under
the Alternative Annuity Payment provision will be based on
your Account Value at the time of the election.
Alternative Annuity Payments
At any time before you reach age 100, you may elect the
Alternative Annuity Payment option under your Certificate. If
you elect the Alternative Annuity Payment option, you must
liquidate all of the investments in your GFWM Account, and
apply this amount as premium to purchase the Alternative
Annuity Payment benefit. The Alternative Annuity Payments
we will pay you will be at least equal to an amount calculated
by multiplying the Account Value by the annuity rates
guaranteed in your Certificate. We may make higher payments
if the applicable annuity rates we are using at the time to
calculate annuity payments are higher and would therefore
result in higher annuity payments. These payments are not the
same as payments that might commence after your Account
Value decreases below the Minimum Amount had you not
elected the Alternative Annuity Payment option. If you elect the
Alternative Annuity Payment option, your Withdrawal
Guarantee is reduced to zero.
DEATH PROVISIONS UNDER THE
CERTIFICATE
The treatment of the Certificate upon the death of the
Participant or Joint Participant and the options available to the
Owner or beneficiary at that time depend on a number of
factors. These include whether the Certificate is Qualified or
Non-Qualified, whether the Owner is a trust or other entity,
whether there is a Joint Owner, whether there is a Joint
Participant, and whether the Certificate is in the Account Phase
or the Guarantee Phase.
A Qualified Contract is a contract that receives special tax
treatment under the Code, such as an individual retirement
annuity. A Non-Qualified contract is a contract not receiving
special tax treatment under the Code.
For Non-Qualified Certificates and if you are the sole Owner
and Participant or if the Certificate Owner is a non-natural
person:
‰ If you die (or if the Participant dies where the
Certificate is owned by a non-natural person) before
the Annuity Exercise Date, your Certificate
terminates. We will make no payments to your
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