An article published here Aug. 1 gave incorrect information about the Guaranteed Return Plus option introduced by Integrity Life Insurance Company.
The option, a guaranteed minimum accumulation benefit, sold with Integrity’s AnnuiChoice and PINNACLE variable annuities, provides different guarantees for purchasers who choose conservative, moderate or aggressive exchange traded fund-of-fund portfolios. The conservative fund of fund guarantees 125% of the assets invested; the moderate fund of fund guarantees 115% of the amount invested; and the aggressive fund of fund guarantees 100% of the amount invested. If the value of a fund’s contributions is less than those minimums after 10 years, Integrity will credit an amount up to the benefit guarantee.
Integrity, Cincinnati, is a unit of Western & Southern Financial Group.