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Insurer Adds Annuities

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Aviva Life Insurance Company has introduced 2 fixed indexed annuities designed for 457(b) plans.

Aviva, North Quincy, Mass., says the new annuities are the Aviva Progressive Index Annuity and the Aviva Elite Index Annuity contracts.

The Aviva Progressive Index contract uses a “breakthrough” account to help customers share in investment market gains.

The Aviva Elite Index contract offers a 5% first-year premium bonus.

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

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