Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.
Products December 6, 2010
BB&T Adds ClearCourse to Offerings
BB&T is adding Genworth's guaranteed lifetime income product, ClearCourse, to its 401(k) investment options.
Reported by PLANADVISER staff
A BB&T news release said the product is designed to protect participants from retirement risks such as out-living assets, retiring during a down market, and the effects of inflation. ClearCourse provides a guaranteed source of lifetime income.
“ClearCourse allows us to offer plan sponsors and their participants a guaranteed level of retirement income with growth potential,” said Ray McCulloch, BB&T Institutional Services Executive manager, in the news release. “Now more than ever, we see a need for products that provide participants with a sense of security through a lifetime income guarantee.”
The news release said the offering is a group variable annuity issued by Genworth Life and Annuity Insurance Company.
You Might Also Like:
![](https://si-interactive.s3.amazonaws.com/prod/planadviser-com/wp-content/uploads/2024/07/15153715/PA-071524-Osaic-Adds-Retirement-Income-for-Advisers-1323034997-web-432x243.jpg)
Osaic Enhances Retirement Income Tool for Financial Advisers
The wealth management platform augments its income planner for financial advisers currently managing more than $4 billion per year.
![](https://si-interactive.s3.amazonaws.com/prod/planadviser-com/wp-content/uploads/2024/07/03140344/PA-070524-Broadridge-Retirement-Evaluator-1475012733-web-432x243.jpg)
Broadridge Launches Retirement Income, Stable Value Evaluator
The new tool allows plan fiduciaries to evaluate the growing list of in-plan DC annuity options.
![](https://si-interactive.s3.amazonaws.com/prod/planadviser-com/wp-content/uploads/2024/06/26144508/PAPS-062624-Tech-Needs-for-Retirement-income-1488614998-web-432x243.jpg)
Technology Integration ‘Linchpin’ for In-Plan Retirement Income
Middleware providers that offer annuity incorporation and portability across retirement plan recordkeeping platforms will play a key role in uptake,...