Issued by Genworth Life and Annuity Insurance Company

More documents

Recommendations

Info

Table of Contents Summary ......................................................................................... 4 Preliminary Note Regarding Terms Used in this Prospectus. ................................................ 4 What is the Certificate ........................................................................... 4 How much will your Certificate cost ................................................................. 5 Can you cancel your Certificate .................................................................... 5 What protection does the Certificate provide ........................................................... 5 How does your Certificate work .................................................................... 6 How do you purchase a Certificate How does it relate to Genworth Financial Wealth Management, Inc. ............. 6 Designated Asset Allocation Models. ................................................................. 6 Risk Factors ....................................................................................... 7 Your Account may perform well enough so that you may not need the guarantee. ................................ 7 The Contract may be terminated between us and GFWM. .................................................. 7 Strategists’ changes may cause the asset allocation model to no longer be in compliance, potentially causing Certificate termination. .................................................................................. 7 You may die before receiving payments from us. ........................................................ 7 You may not live long enough to receive enough income to exceed the amount of total fees paid. .................... 7 The Certificate does not protect the assets in your GFWM Account from your creditors. ........................... 8 Early Withdrawals and Excess Withdrawals may substantially reduce your guarantees. ........................... 8 We reserve the right to change the Withdrawal Guarantee Factors on January 1st of each year. ...................... 8 You may choose to cancel your Certificate prior to a severe market downturn. .................................. 8 Claims Paying Ability of the Company. ............................................................... 8 Tax Consequences. ............................................................................... 8 The Certificate ..................................................................................... 8 Management of Your GFWM Account .................................................................. 9 The Account Phase of the Certificate .................................................................... 12 HowaretheBirthdayandthedateWithdrawalsmaybeginbeingcalculated ................................... 12 How is the Initial Withdrawal Guarantee calculated ..................................................... 12 How are increases to the Withdrawal Guarantee calculated ................................................ 13 Other increases in the Withdrawal Guarantee. .......................................................... 14 How are decreases to the Withdrawal Guarantee calculated ................................................ 14 What are some things to consider in managing your Withdrawals from your Account ............................ 15 Asset Charges ...................................................................................... 16 Will you pay the same amount (in dollars) for the Withdrawal Guarantee every quarter ........................... 17 Will the fees you pay for advice and other services impact the guarantees under your Certificate .................... 17 Guarantee Phase Under the Certificate .................................................................. 18 What is Guaranteed Income When will you receive payments ............................................. 18 AlternativeAnnuityPayments. ...................................................................... 19 Death Provisions Under the Certificate .................................................................. 19 Divorce Provisions Under the Certificate ................................................................ 21 Illustration of How the Certificate Works ................................................................ 21 Other Risk Factors .................................................................................. 22 FinancialStrengthoftheCompany. .................................................................. 22 Asset Allocation Issues. ........................................................................... 23 2
Suspension and Termination Provisions of the Contract and the Certificates ................................... 23 SuspensionoftheContract. ........................................................................ 23 Termination of the Contract. ........................................................................ 23 Suspension of the Certificate. ....................................................................... 24 Termination of the Certificate. ...................................................................... 24 Miscellaneous Provisions ............................................................................. 24 Periodic Communications to Certificate Owners. ........................................................ 24 Amendments to the Contract and Certificate. ........................................................... 24 Assignment. .................................................................................... 25 Cancellation. ................................................................................... 25 Misstatements. .................................................................................. 25 Determining Whether A Certificate Is Right for You ....................................................... 25 Taxation of the Certificate ............................................................................ 25 InGeneral. ..................................................................................... 25 Non-Qualified Certificates. ......................................................................... 26 Qualified Certificates. ............................................................................. 28 About Us .......................................................................................... 29 Sales of the Certificates .............................................................................. 29 Legal Proceedings ................................................................................... 30 Additional Information .............................................................................. 31 OwnerQuestions................................................................................. 31 ReturnPrivilege. ................................................................................ 31 StateRegulation. ................................................................................ 31 EvidenceofDeath,Age,GenderorSurvival. ........................................................... 31 Legal Matters ...................................................................................... 31 Experts ........................................................................................... 31 Where You Can Find More Information ................................................................ 31 Incorporation of Certain Documents by Reference ........................................................ 32 Definitions ......................................................................................... 32 3
Page 1: STOP THE PAPER! VISIT GENWORTH.COM
Page 6 and 7: LifeHarbor SM Series, Genworth Fina
Page 8 and 9: How does your Certificate work The
Page 10 and 11: The Certificate does not protect th
Page 12 and 13: The oversight of the asset allocati
Page 14 and 15: personnel, and a summary of the pri
Page 16 and 17: Example: Assume that you are the so
Page 18 and 19: the level where we would be require
Page 20 and 21: provision.) However, if your actual
Page 22 and 23: eneficiary and will not return any
Page 24 and 25: ‰ Balanced Risk-Return Profile as
Page 26 and 27: We will provide you with written no
Page 28 and 29: published authorities. We can give
Page 30 and 31: Payment of the Asset Charge. Paymen
Page 32 and 33: FINRA describing its Public Disclos
Page 34 and 35: The registration statement, includi
Page 36 and 37: [THIS PAGE INTENTIONALLY LEFT BLANK
Page 38: [THIS PAGE INTENTIONALLY LEFT BLANK

Issued by Genworth Life and Annuity Insurance Company

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?