Allstate Unit Adds Deferred Annuities

September 20, 2005 at 08:00 PM
Share & Print

Lincoln Benefit Life is replacing its SureHorizon and Saver's Choice Plus deferred annuities.[@@]

Lincoln Benefit, a unit of Allstate Corp., Northbrook, Ill., says it will be selling the new versions of the annuities, the SureHorizon II and SureHorizon Choice contracts, through independent financial representatives as well as Allstate's own agents.

SureHorizon II, a flexible-premium deferred annuity, gives purchasers the ability to lock in a crediting rate for a 1-year, 3-year, 5-year or 6-year guarantee period.

The other product, the SureHorizon Choice annuity, comes with 1-year, 3-year, 6-year and 9-year guarantee periods and a 3% minimum guaranteed rate.

Annuity holders can withdraw 15% of their annuity assets each year without paying any penalties or other fees.

NOT FOR REPRINT

© 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.

Related Stories

Resource Center