Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Aviva Offers Breakthrough EIA

Your article was successfully shared with the contacts you provided.

Aviva Life Insurance Company is selling an equity-indexed annuity designed to provide enhanced growth potential when index returns are strong.[@@]

Aviva, North Quincy, Mass., says its new Aviva Progressive Index Annuity contract includes a special “Breakthrough Account.” Account returns are based on the performance of the S&P 500 stock index. When S&P 500 returns exceed a preset “breakthrough level,” then assets in the account enjoy 100% participation in growth above that breakthrough level, according to Aviva.

The contract also offers a guaranteed fixed account and a cap account.

Annuity holders can withdraw up to 10% of assets per year without paying surrender charges, Aviva Life says.

Aviva is a unit of Aviva P.L.C., London.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.