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

Dearborn National Rolls Out MYG Annuities

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

An annuity insurer is rolling out a new family of single-premium deferred multi-year guarantee annuities with an optional market value adjustment feature.

Issued by Fort Dearborn Life Insurance Company, Downers Grove, Ill., the Destination Fortifier Series offers MYG annuities in several interest rate durations with matching surrender charge schedules.

The series also has multiple liquidity options, one of which allows an annual withdrawal of up to 15% of account value after year one or immediate withdrawals of interest without incurring surrender charges, the Chicago company says.

Other features include an optional market value adjustment in most states and issuance up to age 85 with a full account value death benefit.

The insurer is a brand of Dearborn National, whose parent is Health Care Service Corporation, a Chicago-based health benefits company.


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.