A Retirement Income Product Innovator and Thought Leader, Genworth Continues to Drive Industry Awareness
RESTON, Va., Sept. 22 /PRNewswire/ -- The National Association for
Variable Annuities (NAVA) and The International Foundation for Retirement
Education (InFRE) today announced Genworth Financial (Genworth) has become the
first company in the insurance industry to license the Strategies for Managing
Retirement Income course. The course is being offered to the 2,200
representatives of Genworth Financial's broker/dealer, Terra Securities Corp.,
through a series of training sessions around the United States.
As a recognized leader in the retirement income arena, participation in
this program is an important part of Genworth's long-term strategy to grow
awareness and education for retirement income planning products, concepts and
strategies among financial professionals. According to Howard Kite, senior
vice president of Terra Securities, the reception has been strong. Kite, who
worked with NAVA and InFRE to modify the program specifically for Terra's
2,200 representatives, said: "It is an exciting process to watch. Through our
workshops, representatives are realizing that creating income for retirement
has become an imperative and are embracing the opportunity to educate
themselves to benefit their clients. We would encourage other companies to
also take a serious look at this new course offering."
The courses in managing retirement income were created by NAVA and InFRE
to bring expert knowledge and sound planning techniques to financial service
professionals who want to develop a mastery of the income management segment
in the retirement market. The course was developed to help planners prepare
their clients, as they enter retirement, to transition their savings into
retirement income they cannot outlive. The course presents a six-step
comprehensive process to optimize income, recognize and manage risks, identify
total assets, guard against running out of money, and tailor an income
management plan to individual clients.
NAVA and InFRE developed the managing retirement income courses because
they saw an increasing need for retirement income solutions and found there
was a lack of training available for financial planners to help them advise
clients about understanding the risks associated with converting assets into a
dependable, lifetime income stream. Insurance and other professional
continuing education credit will be available for the full and half-day
workshop, self-study, and CD-ROM versions of the course. A practical case
study, employer and consumer versions are also available for licensing.
Genworth Financial (NYSE: GNW - ) is a leading insurance holding company,
serving the lifestyle protection, retirement income, investment and mortgage
needs of more than 15 million customers, with operations in 20 countries,
including the U.S., Canada, Australia, the U.K. and more than a dozen other
European countries. For more information, visit http://www.genworth.com.
NAVA is a non-profit trade association located in suburban Washington D.C.
NAVA provides a variety of services to the industry including educational
forums, research and conferences aimed at furthering the development and
understanding of fixed and variable annuities, income annuities and variable
life insurance. NAVA also maintains and supports an educational website for
consumers at http://www.RetireOnYourTerms.com.
The International Foundation for Retirement Education (InFRE) is an
independent, non-profit organization leading retirement education for
professionals. InFRE sets the standard for retirement-focused designations --
Certified Retirement Counselor (CRC) and Certified Retirement Administrator
(CRA) -- for professionals that service the employer retirement market. These
designations ensure that employees are getting assistance from individuals
with a certification of competency, skill and experience to most effectively
help employees plan for their retirement goals. For more information and to
sign up for InFRE's free quarterly newsletter, Sharing Ideas for Retirement
Education and Administration, visit http://www.infre.org.