New ‘Immediate Need’ Annuity Listed on Exchange

April 11, 2017 by Cyril Tuohy

Agents and financial advisors in the market for a medically underwritten single premium immediate annuity will be able to model income estimates for Genworth Financial’s new product listed on the CANNEX Income Annuity Exchange.

Genworth’s Income Assurance Immediate Need Annuity, launched last year, offers lifetime monthly income for less healthy buyers between the ages of 70 and 95.

Income from the annuity can be used to pay for medical care, long-term care, living and other expenses.

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Originally Posted at InsuranceNewsNet on April 11, 2017 by Cyril Tuohy.