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Insurer Updates VA Withdrawal Guarantee

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Integrity Life Insurance Company has revised the Guaranteed Lifetime Income Advantage guaranteed lifetime withdrawal benefit rider.

Integrity Life, a unit of the Western & Southern Financial Group, Cincinnati, sells the guarantee with the AnnuiChoice, Pinnacle and AdvantEdge flexible-premium variable annuity contracts.

The revised guarantee gives purchasers opportunities to lock-in gains and earn age-banded increases in the withdrawal benefit amount, Integrity Life says.

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Integrity Life also has added emerging markets, commodities and real estate VA investment options.

Integrity Life is responsible for backing the product guarantees.