AnnuityNet.com Adds Seven New Funds for the 'eANNUITY' Product.LEESBURG, Va.--(BUSINESS WIRE)--May 18, 1999-- Launch Represents First Opportunity for Investors to Purchase Variable Annuity Variable Annuity An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio. Index Funds Online AnnuityNet.com, the first online variable annuity store (www.AnnuityNet.com), today announced the addition of seven funds to the eAnnuity variable annuity. The expansion, which diversifies the product's portfolio, marks the first time index funds are available within an online annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. product. The eAnnuity from The Lincoln National Life Insurance Company provides choices from some of the top fund managers, such as Fidelity, Janus and Putnam. The addition will increase the number of funds available within the eAnnuity from 14 to 21. Beginning May 18, the eAnnuity will feature the following additional funds: -- Bankers Trust The Bankers Trust is a historic American banking organisation that was acquired by Deutsche Bank in 1998. It was originally set up when banks could not perform trust company services. Equity 500 Index Fund -- Bankers Trust Small Cap Index Fund -- Neuberger Berman Neuberger Berman Inc., through its subsidaries, primarily Neuberger Berman, LLC, is an investment advisory firm founded in 1939 by Roy R. Neuberger and Robert Berman, to manage money for high net worth individuals. AMT See vPro. Partners Portfolio -- Neuberger Berman AMT MidCap mid·cap adj. 1. Or or relating to corporations whose retained earnings and outstanding shares of common stock have a value between those of small cap companies and large cap corporations. 2. Growth Portfolio -- American Century This article is about the term used for American power in the 20th century. For the investment company, see American Century Investments. "American Century" is a term coined by Time VP International Fund -- Janus Worldwide Growth Portfolio -- Baron baron Title of nobility, ranking in modern times immediately below a viscount or a count (in countries without viscounts). The wife of a baron is a baroness. Originally, in the early Middle Ages, the term designated a tenant of whatever rank who held a tenure of barony Capital Asset Fund "The addition of these funds makes the eAnnuity even more attractive to consumers with varying investing styles," said Shane Chalke, founder and president of AnnuityNet.com. "We're also pleased to be one of the few venues where investors can buy index funds, which are extremely popular with today's investors, within an annuity." Typically, index funds have provided a number of benefits to the investor. Compared with actively managed funds, index funds have lower fees and expenses. In addition, many investors feel that index funds have lower risk, since they buy stocks across a broad index, and may require less supervision by the investor. One advantage of owning index funds within an annuity is the ability to switch funds without paying taxes. "No one fund is right for anyone forever," says Chalke. "Within an annuity, you can change your mind, as your financial goals change, without paying taxes on your gains." Prospectuses for the eAnnuity's funds, including details of fees and expenses, are currently available online at AnnuityNet.com. AnnuityNet.com is the first online variable annuity store. Selling through the internet eliminates the broker commissions and administrative fees often associated with these types of investments, making online annuity investing a cost-effective option that competes with direct sold mutual funds. Investors can also access AnnuityNet.com through America Online's Sage Channel, Quicken A popular financial management program for PCs and Macs from Intuit, Inc., Mountain View, CA (www.intuit.com). It is used to write checks, organize investments and produce a variety of reports for personal finance and small business. .com's Annuity Center, Motley Fool's Tax & Retirement Areas or through E
RADE's Tax Center.
Based in Leesburg, Va., AnnuityNet.com is the Internet marketing
and direct distribution unit of the Lincoln National Life Insurance
Company (Lincoln Life, 1300 South Clinton, Fort Wayne, IN).
Its introductory product, the eAnnuity, issued by and offered
through Lincoln Life (policy form 28977) was launched in September
1998 and is available in 46 states and the District of Columbia.
Remaining state approvals are pending. The eAnnuity is not available
in New York.
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