NU Online News Service, Oct. 1, 2004, 5:35 p.m. EDT
Standard Insurance Company, Portland, Ore., has introduced the Principal Growth Annuity contract.[@@]
The product is a fixed, deferred annuity designed for consumers who are at least 45 and want to make premium payments of varying amounts throughout the life of the annuity.
The minimum initial payment is $5,000.
Standard will add a 1 percentage point bonus to the crediting rate for premium payments made during the first year the contract is in effect.