American Skandia Adds Guaranteed Annuity

NU Online News Service, Sept. 16, 11:52 a.m. – American Skandia Marketing Inc., Shelton, Conn., has introduced the American Skandia Guaranteed Maturity Annuity, a single-premium, modified, guaranteed annuity.

The annuity, issued by American Skandia Life Assurance Corp., guarantees a fixed rate of return if the investor holds the contract to the end of its guarantee period.