NU Online News Service, Nov. 16, 2004, 5:28 p.m. EST
A major insurance distributor has helped a U.S. arm of Old Mutual P.L.C., London, develop a new fixed annuity.[@@]
The Old Mutual unit, Americom Life and Annuity Insurance Company, Austin, Texas, has introduced the AmeriMark equity indexed annuity. Americom designed the flexible-premium, deferred annuity together with Legacy Marketing Group, San Francisco, Americom says.