NU Online News Service, Aug. 21, 2003, 3:24 p.m. EDT – Fidelity and Guaranty Life Insurance Company, Baltimore, has introduced the MasterChoice equity-indexed universal life insurance policy.

The policy provides a guaranteed death benefit and also gives policyholders a chance to increase their benefits if the stock market goes up.

Fidelity and Guaranty is marketing the policy to financial advisors as a product that will be easy for clients to understand.

Policyholders can choose each year whether to tie policy returns to a stock index or put policy assets in an account with a fixed return. The policy guarantees a minimum annual return of 3%.

Fidelity and Guaranty is a unit of Old Mutual P.L.C., London.