NU Online News Service, April 29, 2004, 1:12 p.m. EDT – GE Financial, Richmond, Va., has introduced the GE Guaranteed Income Advantage variable annuity rider.[@@]
An annuity holder can use the income rider to guarantee that variable annuities will pay a guaranteed income stream once the holder retires.
A GE Financial affiliate, GE Life and Annuity Assurance Company, is backing the annuity and selling it along with the Choice, Freedom and Selections variable annuities.