Genworth Life & Annuity
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UPDATED: Aug 20, 2020
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Company History: The Life Insurance Company of Virginia was founded in 1871. In 1986 the company was acquired by Combined Insurance and then in 1996 the Virginia life was acquired by GE Capital. In 2004 various insurance businesses of GE combined to form Genworth Financial, which is now a Fortune 500 company and operational in over 25 countries.
Principle Sales Methods: Independent agents nationwide.
Life Annuity Business: Genworth sells Term, Whole, Universal and Variable Life policies, and Variable, Fixed and Immediate Annuity policies. Genworth Life and Annuity Insurance Company and Genworth Life Insurance company have more than &728 billion of insurance in force today. In 2013 Genworth won the 2013 DALBAR’s Life Insurance Service Award for the third year in a row.
Health Business: Genworth sells a variety of Long Term Care insurance products, plus Medicare Supplemental coverage.
Special Business: Genworth sells Employee Benefits packages and Mortgage Insurance.