5R
● Terminated
5% Rollup Death Benefit
Genworth Life and Annuity Insurance Company
DTCC ID
—
COMPANY
Genworth Life and Annuity Insurance Company
INCEPTION
—
CLOSED
Apr 30, 2009
Identity
Benefit name
5% Rollup Death Benefit
Internal benefit name
5% Rollup Death Benefit
Status
● Terminated
Inception date
—
Closed date
30 Apr 2009
Description & Notes
Benefit description
Available during accumulation phase. Upon death of annuitant, benefit will be greatest of - 1) purchase payments adjusted for withdrawals and tax; 2) contract value; or 3) 5% Rollup Death Benefit. 5% Rollup Death Benefit equals initial purchase payment at issue, thereafter benefit base is lesser of - 1) 200% of purchase payments; or 2) Rollup Death Benefit, compounded at 5% annually, and adjusted for withdrawals and taxes.