Phoenix, AltiSure team up for annuity

The Phoenix Companies is now offering the Premier LifeStyle Annuity, a single-premium indexed annuity.

Designed for pre-retirees and retirees, the annuity offers four indexed accounts, principal protection and a guaranteed lifetime withdrawal benefit. The product uses what Phoenix calls a Safety Growth Strategy, an index-crediting strategy that the company says allows for greater growth potential than traditional cap-crediting strategies.

As an optional rider, clients can select the Enhanced Guaranteed Income and Family Wealth Transfer Benefit (Enhanced G.I.F.T. Benefit) — which allows for guaranteed lifetime withdrawals, even if the annuity’s account value is reduced to zero, and an enhanced death benefit.