Company launches new variable product

With lifetime income being the name of the game, variable annuities with guarantees in that regard are gaining in number and popularity. American United Life Insurance Co. enters the mix with its latest product, Voyage Protector, which comes with the option to purchase lifetime guaranteed minimum withdrawal benefit riders, some with withdrawals available at age 45.

In addition, Voyage Protector has investment options, called Timothy Plan, that can align the annuity’s investments with the customer’s values. The product is replacing the company’s former individual variable annuity product, StarPoint, in the 36 states where Voyage Protector is approved.