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Life Health > Annuities

New Contracts Guarantee Rates For 5 Or 7 Years

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NU Online News Service, Nov. 11, 2004, 3:22 p.m. EST

The financial services arm of Jefferson-Pilot Corp., Greensboro, N.C., has introduced 3 families of deferred annuities.[@@]

A Jefferson-Pilot life subsidiary will be selling 1 of the product lines, the Jefferson Pilot Classic-NY group of annuities, in New York state.

The other product lines, the Jefferson Pilot Classic annuities and the Jefferson Pilot Classic Flex annuities, will be available in most other states.

The Classic family is a single-premium annuity that offers a choice of 5-year and 7-year initial rate guarantees.

The Classic Flex family offers a flexible premium payment schedule, a 1-year rate guarantee and an extended care confinement rider.

The Classic-NY family offers New York state consumers access to a single-premium annuity with a 5-year or 7-year rate guarantee.