Underwritten by Genworth Life and Annuity Insurance Company and Genworth Life Insurance Company, the new Asset Builder IUL will combine a death benefit with tax-deferred cash accumulation and an optional Accelerated Benefit Rider for Long Term Care Services.
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According to Genworth, the new product will addresses consumers’ desire for more growth potential than is currently available with traditional fixed life insurance products and less risk than variable universal life insurance.
To help financial professionals, Genworth has also launched The Index Institute, which offers financial professionals the education, tools and support they need to better counsel their clients.
As part of its commitment to continually raise the bar on service and technology, Genworth’s new product will leverage the latest advances in technology to make the complex process of applying for life insurance faster and easier for both financial professionals and policy-owners.
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