IFS Seeks Distribution Presence in New York; National Integrity Returning to New York Bank Market.Business Editors CINCINNATI--(BUSINESS WIRE)--Dec. 4, 2000 IFS Financial Services, Inc. (IFS) today announced it will expand its distribution efforts into New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of by distributing National Integrity Life Insurance Company annuity products through New York banks. IFS is one of the 10 largest distributors of fixed annuities Fixed annuities Contracts in which an insurance company or issuing financial institution pays a fixed dollar amount of money per period. through banks in the United States. National Integrity is among the leaders for individual annuity sales by companies domiciled in New York. Both operate as part of The Western-Southern Enterprise(R) consumer financial services group. "National Integrity is known for its innovative products backed by industry-leading technology and outstanding financial strength," said Jim Loveridge, Senior Vice President, Financial Institutions at IFS. "We are excited to support their distribution with our award-winning service operations." National Integrity product offerings include two variable and two fixed annuities. The flexible-premium variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. are PINNACLE, a multi-manager product, and the GrandMaster III, with all Fidelity Investments portfolios. In addition, there are two fixed-rate annuities. NewMOMENTUM is a fixed-rate annuity with guarantee periods of two, three, five, seven and 10 years. SPDA See Single-Premium Deferred Annuity. Series is a single premium deferred annuity Deferred Annuity A type of annuity contract that delays payments of income, installments or a lump sum until the investor elects to receive them. This type of annuity has two main phases, the savings phase in which you invest money into the account, and the income phase in which with one-year and five-year guarantee periods. IFS, established in 1990 and headquartered in Cincinnati, distributes Western-Southern products to financial institutions, broker-dealers and financial planners. In 1999, the American Bankers Association The American Bankers Association (ABA) is comprised of banks and other financial institutions. It seeks to promote the strength and profitability of the banking industry by Lobbying federal and state governments, building industry consensus on key issues, and providing products and named Western-Southern the #1 Fixed Annuity Fixed Annuity An insurance contract in which the insurance company makes fixed dollar payments to the annuitant for the term of the contract, usually until the annuitant dies. The insurance company guarantees both earnings and principal. Vendor for all service categories combined. In addition to fixed annuities, IFS also distributes the Touchstone Family of Funds Family of Funds A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective. Also referred to as a "Mutual Fund Family" or simply a "Fund Family". and Variable Annuities, as well as Integrity Life and National Integrity Life fixed and variable annuities in bank channels. IFS to date has generated over $2 billion in assets. Integrity Life Insurance Company, Worthington Ohio, and National Integrity Life Insurance Company, Goshen, New York Goshen, New York is a village and a town in Orange County, New York in the USA.
IFS, Touchstone, Western-Southern Life Assurance Company and The Integrity Companies all are part of The Western-Southern Enterprise(R), a group of financial services companies whose heritage dates to 1888 and whose consolidated assets now total more than $26 billion. Western-Southern has received the highest ratings awarded by leading insurance industry analysts. For prospectuses containing more information, including all charges, risk factors and expenses, please call Touchstone at 800.669.2796. Please read the prospectus carefully before investing or sending money. National Integrity annuities issued by National Integrity Life Insurance Company, Goshen, New York. Integrity annuities issued by Integrity Life Insurance Company, Worthington, Ohio. Western-Southern and Touchstone annuities issued by Western-Southern Life Assurance Company, Cincinnati, Ohio. Product availability varies by state. |
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