Genworth's fixed index annuity product, SecureLiving, has been updated to include a five-year, single-premium, fixed deferred annuity with a 4-percent guaranteed minimum accumulation value. SecureLiving Index 5 also has six interest-crediting strategies, two fixed-rate options and four index crediting rate options.

According to Genworth, SecureLiving Index 5 guarantees 104 percent of the premium at the end of the surrender charge period — less adjustments for withdrawals — even if there is an extended down market. Genworth adds that as a fixed annuity, the contract value is protected against downturns in the S&P 500 Index, meaning that all premium and interest credited can never be lost due to index decline.

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