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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
As a fixed annuity, the contract value is protected against downturns in the S&P 500 Index.
SecureLiving® Index Annuities individual single premium fixed deferred annuity with market value adjustment and optional indexed interest crediting issued by
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
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.
This is a product summary. Please refer to the contract for a complete and detailed explanation of benefits, limitations and restrictions.