Fixed annuities have a fixed rate of interest for a specified period of time. They are generally selected by consumers who are planning for retirement and are interested in a predictable rate of return, as the interest rate will never fall below specified minimums. Fixed annuities offer a guaranteed return of principal based on the claims-paying ability of the issuing insurance company.
To learn more about how a fixed annuity investment can help you plan for retirement, contact your financial representative or a financial representative associated with the Genworth companies.