Information about Genworth Life and Annuity
700 Main Street, Lynchburg, VA 24505
About Genworth Life and Annuity:
Genworth Life and Annuity
"Genworth Life and Annuity is a GE Financial Assurance company committed to providing high-quality, competitive insurance and annuities designed to help you build, protect and transfer wealth. Genworth Life and Annuity is licensed in every state (in New York through its subsidiary, American Mayflower Life Insurance Company of New York), in Guam and Bermuda".
Founded in 1955. The company is a subsidiary of GE Financial Assurance.
Life Insurance Industry Ratings
| Service |
Rating |
Rank |
Reviews |
| AM Best as of date |
A+ |
2 |
Statutory Financial Condition |
| Fitch |
AA- |
3 |
Claims Paying Ability |
| Moody´s |
Aa3 |
4 |
Claims Paying Ability |
| Standard & Poor´s |
AA- |
4 |
Financial Strength |
Genworth Life and Annuity Financial Overview:
| Total Assets |
$13.329 Billion |
| Total life insurance in force |
$446.8 Billion |
| Total surplus and assets valuation reserve |
$1.057 Billion |
The ratings are determined by independent ratings services based on information provided by the life insurance company. Each ratings service has it´s own criteria used in determining the rating they assign to an insurance company. Ratings are updated annually. Ratings are not a guarantee of an insurance company´s present or future ability to meet its contractual obligations.
Genworth Life and Annuity information, Company ratings, financial data, and descriptions of Life Insurance Policies and Life Insurance Benefits are provided by Genworth Life and Annuity and this information may change at any time.
Term Insurance Policy information
Level premium term insurance:
Plan name:
Colony 5/10/15/20R
Term Insurance Level premium periods and Term Life Insurance Policy form numbers:
| Term Insurance Policy Name |
Term Level Premium Years |
Life Guaranteed Years |
Term Insurance Policy Form |
| Colony 5 |
5 |
5 |
1420 (96) at al & 1421 et al |
| Colony 10 |
10 |
10 |
1420 (96) at al & 1421
et al |
| Colony 15 |
15 |
15 |
1420 (96) at al & 1421 et al |
| Colony 20 |
20 |
20 |
1420 (96) at al & 1421
et al |
Term Insurance Level Premiums increase annually after the initial level premium period
Riders and Options:
Waiver of Premium: Available for issue ages up to 55.
Conversion: Available at any premium due date during the initial period of 5,10,15,or 20 years or to the insured´s attained age 75, whichever comes first
Modal Premium (multiply the annual premium by these factors): Semi-Annual: .51 (8.2% APR); Quarterly: .26 (10.8% APR); PAC Monthly: .0875 (10.8% APR) Non-annual premiums include an additional cost consistent with the listed APR. Premiums paid more frequently than annually result in a higher total annual cost.
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