NU Online News Service, Oct. 28, 2003, 4:11 p.m. EST – Fidelity and Guaranty Life Insurance Company, Baltimore, has introduced an indexed annuity, Spectrum Rewards Bonus, that offers a 6% up-front premium bonus on all first-year premiums and the choice of three S&P 500 index-linked options.
The product is aimed at investors who want a combination of guarantees and a chance to participate in any upswing in the market, says Linda Hoitt, vice president of annuity distribution at F&G.
Features include flexible premiums, an index credit guaranteed never to be less than zero, free partial withdrawals, a reallocation option on the annuity anniversary and a 14-year surrender charge schedule, the company says.
F&G, a unit of Old Mutual P.L.C., London, backs the product guarantees.
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
