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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
September 07, 2001 at 08:00 PM
NU Online News Service, Sept. 7, 10:33 a.m. – Jefferson-Pilot Life Insurance Company Inc., Greensboro, N.C., says it will market a new fixed annuity through Banc of America Investment Services, San-Francisco, a subsidiary of Bank of America Corp.
Banc of America will sell the Jefferson Pilot Premier 5 Annuity to clients in 18 states and the District of Columbia.
The product is a single-premium deferred annuity with a market-value adjustment feature. It comes with a five-year interest rate guarantee and a five-year surrender charge schedule. The interest rate and surrender charge schedule reset every five years.
The Premier 5 also provides a guaranteed return of premium and free partial surrenders of up to 10% each year, Jefferson Pilot says. In most states, the contract also offers a nursing home and terminal illness waiver.
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