Heralding a strategic shift, Richmond, Va.-based Genworth Financial Inc. will discontinue new sales of retail variable annuities and group variable annuities. 

The company also said it was suspending sales of one type of linked benefit offering, which combines annuities and long-term care insurance, until that market develops further.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access