Genworth Life and Annuity Insurance Company, and Genworth Life Insurance Company of New York have launched RetireReady, a enw IRA annuity product. ... This contract acn only be issued as, and must be miantained as, an IRA, Roth IRA or SEP IRA contract or within such qualified accounts. According to the company, benefits of the new IRA include: advisor confidence, optional lieftime withdrawal benefit, and tow surrender options. ...