An insurer has introduced 3 flexible-premium deferred annuities designed for 457(b) plans.
Aviva Life Insurance Company, North Quincy, Mass., says the new annuities are the Flex 9, Aviva Flex Select and Aviva Flex Plus products.
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Aviva Enters Government Plan Market
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Staff Writer
February 10, 2006 at 02:15 PM
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Aviva, a unit of Aviva P.L.C., London, expects to release 2 indexed annuities aimed at the 457(b) plan market between April 1 and June 30.
Typical 457(b) program participants are administrators, principals, supervisors and other public employees who contribute the maximum amount to their 403(b) plans or 401(a) plans or have a spouse with no access to a tax-deferred savings plan.
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