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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.

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

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