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
ThinkAdvisor

Life Health > Annuities

Old Mutual Rolls Out 3 EIAs

X
Your article was successfully shared with the contacts you provided.

A large insurer is expanding its line of equity-indexed annuities.

Fidelity and Guaranty Life Insurance Company, Baltimore, a unit of Old Mutual P.L.C., London, has introduced the Safety Index 4, 7 and 10 EIA contracts.

The contracts offer a choice of 3 different surrender charge schedules.

Each products offer a minimum guaranteed surrender value feature that will pay holders at least 100% of premium payments along with 3% interest, Old Mutual says.

The contracts also offer a 3% minimum fixed interest rate guarantee and 5 account value options.

Fidelity & Guaranty is responsible for backing the product guarantees.


NOT FOR REPRINT

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