Genworth Financial, Inc.. Richmond, Va. (NYSE:GNW), has launched two new index annuities. Dubbed SecureLiving Index 7 and SecureLiving Index 10 Plus, the products will be issued by Genworth Life and Annuity Insurance Company.

Genworth says the single-premium, fixed deferred annuities offer index-based and fixed interest crediting strategies. Consumers can allocate premium across five crediting strategies based on individual needs and risk tolerances.

In addition, contract holders can access their money through: (1) 10% free annual withdrawals beginning in year two; (2) the optional income protection rider; (3) a waiver for confinement to a medical care facility; and (4) annuitization options.

Both products, says Genworth, require a minimum single premium of $25,000 or more. Individuals must also be 80 or younger to apply (age 85 for SecureLiving Index 7).

The company adds the products also feature competitive cap rates, multi-year guaranteed fixed options, guaranteed minimum accumulation or premium enhancement, a bailout feature, jumbo rates and caps for premiums above $100,000 and $250,000, plus the optional income protection rider with daily benefit base growth.

Pacific Life Insurance Company. Newport Beach, Calif. has debuted Pacific Index Choice, a deferred, fixed indexed annuity. The company says the product offers index-linked options for earning interest based on the movement of either the S&P 500 index or the MSCI All Country World Index, which encompasses 45 developed and emerging markets.

When the index rises, the account earns interest. Should the index fall, there is no loss of contract value.

The Index-Linked Options also offer a choice of crediting methods, including: (1) have interest credited at the end of each one or two contract years, where the interest rate is equal to the index return, subject to a cap; or (2) have interest credited at the end of each one contract year, wherein the interest

rate is fixed and guaranteed throughout one of three initial guarantee periods (six, eight, or 10 years) selected by the client.

Pacific Life adds that clients earn an immediate credit enhancement at the time they purchase Pacific Index Choice. They can also allocate some or all of their money to a fixed account option that earns a guaranteed interest rate for a specific period of time.

Clients interested in securing a guaranteed lifetime income regardless of how the indexes perform can additionally have an optional rider for an additional charge that guarantees withdrawals from Pacific Index Choice for life, even if the contract earns no interest.

W&S Financial Group Distributors, Inc. Cincinnati, the wholesale distributor of annuities and life insurance from Western & Southern Financial Group has launched MultiVantage, a single-premium deferred annuity with a market value adjustment (MVA).

Issued by Integrity Life Insurance Company in Cincinnati and by National Integrity Life Insurance Company in Goshen, N.Y. both member companies of Western & Southern, product includes, among other features:

• Initial interest rates, all with 1% first-year enhancement, guaranteed for periods of up to 10 years.
• Flexibility to choose from several interest rate periods: an initial four-, five-, seven- or 10-year fixed interest guaranteed rate option (GRO) with the ability to choose a new GRO; as well as a one-year alternative, at the then-current interest rate when the initial GRO ends.
• Minimum guaranteed rate for the life of the contract.
• Guaranteed lifetime income.
• The ability to withdraw up to 10% of the account value (noncumulative) each contract year with no withdrawal charge or MVA.
• Distribution of the current account value to a named beneficiary without probate if the contract owner dies before income payments begin.

Jefferson National Life Insurance Co.. Dallas, Tex. has added 23 new investment options from TOPS, Virtus, BlackRock PIMCO and Oppenheimer Funds to its Monument Advisor flat-fee variable annuity.

The TOPS Protected (ETF) Portfolios, including TOPS Protected Balanced, TOPS Protected Moderate Growth and TOPS Protected Growth funds..

The Virtus suite includes Virtus International; Virtus Premium AlphaSector; plus Virtus Multi-Sector Fixed Income and Virtus Real Estate Securities.

The BlackRock suite includes BlackRock Large Cap Growth, BlackRock Large Cap Value, BlackRock Large Cap Core, BlackRock Global Allocation, BlackRock Equity Dividend and BlackRock Capital Appreciation funds.

The PIMCO suite includes PIMCO Global Advantage Strategy Bond; and Global Advantage Bond Index (GLADI).

The Oppenheimer suite encompasses Oppenheimer Main Street Fund/VA, Oppenheimer Global Securities Fund/VA, and Oppenheimer International Growth Fund/VA. The suite includes as well as two bond funds, Oppenheimer Core Bond Fund/VA and Oppenheimer Global Strategic Income Fund/VA; plus Oppenheimer Balanced Fund/VA and Oppenheimer Value Fund/VA.