
Genworth No Longer Selling Fixed Annuities
There will be a big shake-up at Genworth Financial in about 2 weeks. As of March 7, they will stop selling their popular fixed annuities and life insurance products. This information comes from the Insurance News Net article, "Genworth Stops Life, Annuity Sales, May Split" by Cyril Tuohy. The company is also likely to undergo a complete restructuring. All of these changes stem from large losses over the past couple of years, caused by low interest rates and millions of long-term care... Read More
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