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.
The annuity is available exclusively through the AltiSure Group.
“Since September of last year, we’ve enjoyed a great partnership with AltiSure,” says Dana Pedersen, vice president and product officer of Phoenix. “We have worked together to bring a unique and forward-thinking approach to annuities that can meet a variety of retirement planning needs. We are confident that the Premier LifeStyle Annuity continues to deliver on this goal.”
For more information about the Premier LifeStyle Annuity, visit www.altisure.com.