Jefferson national offers low-cost variable annuity.Dallas-based Jefferson Jefferson, uninc. city (1990 pop. 25,782), Fairfax co., N Va. It is a residential suburb of Washington, D.C. National Life Insurance Co. has introduced a 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. , Monument Anything by which the memory of a person, thing, idea, art, science or event is preserved or perpetuated. A tomb where a dead body has been deposited. In real-property Advisor, with a set insurance fee of $240 a year instead of an annual mortality-and-expense charge that industry-wide about 1.3% of invested assets. On a minimum required initial investment of $25,000, the fee equals 0.96%. At $100,000, it is 0.24%. Management fees for subaccounts range from 0.26% to 2.54%. There are no withdrawal charges.The company was formerly Conseco Conseco (NYSE: CNO), originally Security Life of Indiana, is a financial services organization based in Carmel, Indiana. Conseco's insurance subsidiaries provide life insurance, annuity and supplemental health insurance products to more than 4 million customers in the Variable Insurance Co. |
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