Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Annuities

American Skandia Updates Annuities

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Nov. 18, 10:13 a.m. – American Skandia Marketing Inc., Shelton, Conn., is eliminating the AS Impact variable annuity and replacing its ASAP II variable annuity with a new ASAP III variable annuity.

The ASAP III annuity comes with asset-based insurance charges of 1.25%. The charges fall to 0.65% after the eighth contract year, American Skandia says.

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


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.