Genworth Life & Annuity Insurance 424B3 Prospectus supplement

Filed Pursuant to Rule 424(b)(3)

SEC File No. 333-141514

SUPPLEMENT DATED DECEMBER 31, 2008 TO

PROSPECTUS DATED MAY 1, 2008 FOR

SCHEDULED PURCHASE PAYMENT DEFERRED VARIABLE ANNUITY CONTRACTS

ISSUED BY

GENWORTH LIFE AND ANNUITY INSURANCE COMPANY

This supplement updates certain information contained in your prospectus. Please read it and keep it with your prospectus for future reference.

Genworth Life and Annuity Insurance Company (the “Company”) has made the decision to discontinue offering RetireReady(SM) Retirement Answer for new contract sales effective December 31, 2008. Contract owners may continue to allocate purchase payments in accordance with the terms of the contract.

Please retain your prospectus dated May 1, 2008 and all subsequent prospectus supplements for future reference. You may contact the Company by writing or calling:

6610 West Broad Street

Richmond, Virginia 23230

1.800.352.9910