Definition: Genworth Financial Life Insurance is a group of mutual funds managed by Genworth Investment Management, Inc., one of America's largest independent asset managers. The term "genworth" comes from the German word for "good," referring to its financial stability and ability to provide a steady stream of income. The term "financial life insurance" refers to the type of insurance that pays out a sum based on a predetermined risk level (for example, whether the policyholder has an average income or earns more than an agreed-upon amount). Genworth Financial Life Insurance is designed for people who want to purchase a security against potential financial risks associated with their investments. The term "genworth" can be used in many different contexts and can refer to a variety of things depending on the context. For example, "Genworth Mutual Funds," which are mutual funds managed by Genworth Investment Management, Inc., could be used in situations where you want to purchase a group of similar mutual funds that offer similar investment options. In summary, "genworth financial life insurance" is a term referring to a type of insurance product offered by a group of mutual funds managed by Genworth Investment Management, Inc. The word "financial life insurance" refers to the type of insurance that pays out a sum based on a predetermined risk level. Genworth Financial Life Insurance can refer to a variety of things depending on its context.
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