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Genworth's New CapMax(SM) Interest Crediting Strategy Helps Enhance Growth Potential Of SecureLiving® Fixed Index Annuities

RICHMOND, Va., Dec. 3, 2012 /PRNewswire/ -- For consumers planning for retirement in today's low interest rate environment, Genworth has launched a unique, patent-pending interest crediting methodology, called CapMax(SM), that is available exclusively on Genworth's SecureLiving ® Index Annuities. CapMax is designed to take advantage of periods of positive momentum in the S&P 500 Index to create the opportunity for greater growth potential to Genworth SecureLiving Index annuity contract owners.

Instead of locking in gains after just one year, CapMax allows owners of SecureLiving Index Annuities to roll forward a portion of their current year's interest credit in exchange for the opportunity to multiply next year's growth potential with the CapMax Multiplier by as much as three times.  

"With the Federal Reserve saying it plans to keep interest rates very low for at least the next two and half years, those seeking reliable, sustainable sources of retirement income – and the financial professionals who serve them – are facing a challenging environment," said Paul Haley, SVP and Annuity leader at Genworth. "Our CapMax index crediting strategy has the potential to outperform other existing index crediting strategies when the S&P 500 Index delivers consecutive years of growth, giving financial professionals a powerful tool to help put clients back on the path to growth."

As a fixed annuity, the contract value is protected against downturns in the S&P 500 Index.

About Genworth FinancialGenworth Financial, Inc. (NYSE:GNW) is a leading Fortune 500 insurance holding company dedicated to helping people secure their financial lives, families and futures.  Genworth has 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 has approximately 6,300 employees and operates through three divisions: Insurance and Wealth Management, which includes U.S. Life Insurance, Wealth Management and International Protection segments; Global Mortgage Insurance, which includes U.S. and International Mortgage Insurance segments; and the Corporate and Runoff division. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, Inc., which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia. For more information, visit 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 of

SecureLiving ® Index Annuities individual single premium fixed deferred annuity with market value adjustment and optional indexed interest crediting issued by Genworth Life and Annuity Insurance Company, policy form series GA3003 0711, GA3004-0711, ICC11GA3001, ICC11GA3002, GA302R-0612, ICC12GA302R 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.  Genworth Life and Annuity Insurance Company is licensed in all states except New York.All guarantees are based on the claims-paying ability of Genworth Life and Annuity.Withdrawals/surrenders have the effect of reducing the contract value and death benefit.  Withdrawals may be taxable and a 10% federal penalty may apply to withdrawals taken before age 59½."S&P 500 ®" is a trademark of Standard & Poor's Financial Services LLC ("Standard & Poor's") and has been licensed for used by Genworth Life and Annuity Insurance Company.  This Product is not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of purchasing the Product.  The S&P 500 ® Index is a price index and does not reflect dividends paid on the underlying stocks.Although the contract value may be affected by the performance of an index, the contract 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.CapMax(SM) Patent PendingThis is a product summary.  Please refer to the contract for a complete and detailed explanation of benefits, limitations and restrictions.

SOURCE Genworth Financial, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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