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SBLI Rolls Out Annuity

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NU Online News Service, Nov. 19, 1:45 p.m. – SBLI USA Mutual Life Insurance Company Inc., New York, has introduced the Cash Deluxe single-premium, tax-deferred annuity.

The annuity comes with a choice of a one-year or five-year interest rate guarantee, which is now offered at 3%, plus a one-time bonus of 1% of the initial premium.

SBLI says it is introducing the annuity to add to a family of financial services products that it can sell throughout the United States. Other new products include student loans, a 30-year term life policy and an auto service program.