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Retirement Planning > Retirement Investing > Annuity Investing

American Skandia Adds Guaranteed Annuity

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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.

The guarantee period can range from one year to 10 years.

American Skandia is a unit of Skandia Insurance Company Ltd., Stockholm.


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