A new annuity contract comes with a 4% bonus.
Bankers Life and Casualty Company, Chicago, a unit of Conseco Inc., Carmel, Ind., has introduced the Premium Bonus Indexed Annuity.
The contract, part of the Bankers Security Builder annuity series, will pay an up-front bonus equal to 4% of the net single-premium amount that a consumer pays when the annuity is issued, Bankers Life says.