Genworth Life and Annuity Insurance Company offers members benefits such as financial stability in case of tragedies and a faster means to become homeowners through mortgage plans, according to Genworth. It also provides life insurance, long-term mortgage insurance and annuities that have various flexible products from which members can choose.Continue Reading
Genworth provides four types of life insurances: term life, whole life, guarantee universal life and index universal life, explains Genworth. Whole life has benefits such as lifetime coverage and guaranteed cash value at a lower rate as compared to other plans. Guarantee universal life insurance enables members to increase or decrease their death benefits and has a policy that allows members pay their premiums based on their circumstances.
With long-term care insurance, members receive coverage for nursing home care, home health care, respite care, hospice care and personal care in their home, states Genworth. Members can pay for this cover through Medicare and Medicaid. Annuities allow members to have a supplementary income for a pension or Social Security, and they enable members to gain assets for retirement.
Mortgage insurance enables members to become homeowners even if they experience a financial setback or have low down payments, says Genworth. It provides steady and fixed monthly payments. Members gain further benefits through homebuyer’s privileges such as rebates and discounts on basic household items worth up to $3,500 when moving into a new home.Learn more about Insurance