NU Online News Service, April 6, 2005, 3:12 p.m. EDT
A Greensboro, N.C., insurer is expanding its efforts to reach consumers where they save.[@@]
The insurer, Jefferson Pilot Financial, has introduced the JPF Future Point annuity contract, a single-premium, deferred annuity that will be sold only through banks and similar financial institutions.
The annuity offers customers a premium bonus and a choice of a fixed-interest account and 2 indexed interest accounts.
Customers can buy the annuity without paying any annual administrative fees, front-end sales charges or loads, and purchasers can take out up to 10% of their funds without paying any penalties, Jefferson Pilot says.
Jefferson Pilot is a unit of Jefferson-Pilot Corp.