NU Online News Service, May 27, 2003, 12:37 p.m. EDT – Sun Life Assurance Company of Canada (U.S.), Wellesley Hills, Mass., is introducing the Secured Returns principal-protection rider for variable annuities.
Customers who buy the rider can choose between a guaranteed minimum accumulation benefit or a guaranteed minimum withdrawal benefit.
The guaranteed minimum accumulation benefit guarantees that, after a 10-year period, the client's account value will be no less than the original investment.