Indexed annuities.Writers of 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%. have, in recent months, added buckets, bonuses and other features. American General Life Insurance Co., part of American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , in August launched Emerging Edge, a single-premium deferred product offering four interest-crediting accounts to diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. earnings ability. In September, it revised its AG HorizonIndex 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. that pays a death benefit as a lump sum Lump sum A large one-time payment of money. or stream of payments. it offers a fixed-interest account, an annual point-to-point index account, and a capped two-year index point-to-point account. It pays a 3% or 4% bonus. Lafayette Life Insurance Co. introduced Marquis Centennial series of flexible-premium indexed annuities. The series offers annual point-to-point, monthly average and monthly cap crediting methods linked to the 500 Index. It also offers a fixed account. Protective Life Insurance Co. announced an enhancement to its Protective ProSaver Index Series. The products now offer a fixed account, a traditional indexed account and a new Fixed Rate Plus account. New Products is compiled by Senior Associate Editor Ron Panko. |
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