Equity-indexed annuities.At least three insurers have launched equity-indexed annuities equity-indexed annuity A contract with an insurance company that promises periodic payments keyed in a specified manner to a stock market index. Unlike variable annuities, equity-indexed annuities specify a guaranteed minimum return that is typically 3%. this year on the heels of last year's remarkable 66% industry-wide sales increase to $23.3 billion. Sun Life Financial U.S. introduced SunDex ProVantage, which uses a threshold rate rather than a hard cap on annual interest credited to the policy. All of the S&P 500 Index' gains are credited up to the threshold rate, and 25% of them are credited thereafter. Conseco Insurance Cos. co-developed their new product, the Conseco Patriot, with The 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. Store Financial & Insurance Services LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , with which it has had a 15-year distribution relationship. It offers full access to earnings without surrender charges Surrender Charge A fee levied on a life insurance policyholder upon cancellation of his or her life insurance policy. The fee is used to cover the costs of keeping the insurance policy on the insurance provider's books. . Lincoln Benefit Life, an Allstate company, enhanced its Saver's Index Annuity series with features available only on new contracts. They include a 50-basis-point higher cap for accumulated values over $100,000, and relaxation of several surrender-charge requirements. |
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