Old Mutual Financial Network Introduces Safety Index 4, 7 and 10.BALTIMORE -- Old Mutual Financial Network (OMFN), through Fidelity and Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. Life Insurance Company, has launched Safety Index 4, 7 and 10 - a series of index annuities featuring high guarantees and short surrender charge 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. periods. While the main difference between the products in this series is the surrender charge length, there are appealing characteristics that each of the products features including:
-- High Guarantees:
-- 100% @ 3% Minimum Guaranteed Surrender Value (MGSV)
-- 3% minimum fixed interest rate guarantee
-- Five Account Value Options
-- Monthly sum cap
-- Annual point to point with cap
-- Monthly average with cap
-- Monthly average with spread
-- Fixed with multi-year guarantee (4 and 7 year)
Brian Grigg, Vice President, Brokerage Annuity, explained, "Our Safety Index series strikes a balance for the consumer and the agent population." Grigg added, "For the consumer, Safety Index provides a blend of flexibility, security and liquidity. And for distributors, the series will appeal to the general agent population due to fair compensation (including trail options) and the broker-dealer population due to the low surrender charge scale design." For more information on our Safety Index series, please contact OMFN at salesmarketing@omfn.com or 800-445-6758. This product is offered on a group or individual basis as determined by state availability. Policies issued by Fidelity and Guaranty Insurance Company, Baltimore, MD. The minimum guaranteed surrender value surrender value See cash surrender value. on a full surrender is 100% of premium, plus daily interest accruing at the MGSV MGSV Minimum Guaranteed Surrender Value (insurance) accumulation interest rate, less any current surrender charges. The 3% rate is set at issue fixed for the life of the contract. MGSV is reduced by prior withdrawals and adjusted for any reallocations. Withdrawals may be subject to income tax and IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. penalty tax if made before age 59 1/2. Consult your tax advisor A tax advisor is a financial expert especially trained in tax law. Some countries require tax advisors to verify the balance sheets of companies above a certain size. Individuals usually require tax advisors to minimize taxation, to avoid learning the details of tax law in regarding your unique situation. Surrender charges may apply to withdrawals. May lose value if surrendered early. No bank guarantee. Not FDIC/NCUA/NCUSIF insured. Safety Index 4 - FGL 1. FGL - Flow Graph Lisp. A distributed dataflow language for AMPS (Applicative Multi-Processing System). "A Loosely-Coupled Applicative Multi-Processing System", R. Keller et al, NCC, AFIPS June 1979, pp.613- 622. 2. FGL - Function Graph Language. Related to FEL. FPDA-ST-C (6-04) 9-4S, Safety Index 7 - FGL FPDA-ST-C (6-04) 10-7S, Safety Index 10 - FGL FPDA-ST-C (6-04) 10-10S; et al. (06-274) About Old Mutual Financial Network Old Mutual Financial Network (OMFN) is the marketing name for the U.S. life insurance and annuity operations of Old Mutual plc. Headquartered in London, England, Old Mutual was founded in 1845, is one of the world's largest insurers, ranks as a Fortune Global 500 company and employs nearly 50,000 people worldwide. OMFN has the knowledge, expertise and resources that a global powerhouse A fourth-generation language from Cognos that was introduced in the late 1970s for midrange computers. It supports both character-oriented, terminal-based applications as well as Windows clients. Applications developed under PowerHouse can be imported into Cognos' Axiant client/server environment. can provide and is committed to delivering innovative and balanced financial solutions. |
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