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Variable Annuities.

Protective Life Insurance Co. has launched ProtectiveRewards B2A, which charges 0.95% annually for its death benefit and reduces that charge through an annual persistency reward of 0.4% beginning in the eighth year. The result is similar to changing a "B-share" product to an "A-share" product. Protective also provides a 2% bonus to contract value when policyholders annuitize on or after the 10th contract anniversary, and it guarantees annuitants will receive--at no charge--at least an amount equal to their purchases if payments begin on the seventh contract anniversary.

Thrivent Financial for Lutherans' new variable annuity offers a nonrolling surrender period, an optional guaranteed minimum accumulation benefit (GMAB), and three optional enhanced death benefits.

American Express Financial Group, through a new rider, now offers a GMAB featuring a step-up to 80% of highest maximum anniversary value over 10 years.

The Guardian Insurance & Annuity Co. has launched AssetAccess, an optional GMAB.
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Title Annotation:SPOTLIGHT; Protective Life Insurance Co
Author:Panko, Ron
Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Jul 1, 2005
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Next Article:Allstate retools its standard policy.

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