NU Online News Service, April 1, 2003, 3:15 p.m. EST – Jefferson Pilot Financial, Greensboro, N.C., has introduced the Jefferson Pilot New Directions and Jefferson Pilot Smart Course annuity product series.
The annuities are hybrid contracts that offer a guaranteed rate of return for a set number of years, then offer a rate tied to the Standard & Poor’s 500 Index. The rate will never be less than zero, Jefferson Pilot says.
The Jefferson Pilot New Directions product series includes one contract that guarantees a fixed rate for six years and a second contract that guarantees a fixed rate for eight years.
The Jefferson Pilot Smart Course product series includes contracts with seven-year and eight-year rate guarantees.
Jefferson Pilot is a unit of Jefferson-Pilot Corp., Greensboro.