NU Online News Service, June 21, 3:58 p.m. – IFS Financial Services Inc., Cincinnati, a unit of Western & Southern Financial Group, has introduced the MultiMax Annuity contract, a single-premium fixed annuity contract.
The contract offers guarantee periods of three, five, seven and 10 years.
The contract also provides an "enhanced death benefit" that compensates for income taxes and other expenses incurred after the owner's death. The value of the enhancement depends on the age of the contract owner, IFS says.
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