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April 21, 2011 at 08:00 PM
A life insurer is appealing to consumers who like hard assets with an indexed annuity that includes a commodities index option.
Symetra Life Insurance Company, a unit of Symetra Financial Corp., Bellevue, Wash. (NYSE:SYA), has included the commodities option in a new, single-premium indexed annuity, the company says.
Annuity holders can allocate assets to a conventional stock index as well as to a commodities index, Symetra says.
The contract also provides access to a fixed account option and a guaranteed minimum value feature.
