NU Online News Service, Nov. 18, 10:13 a.m. – American Skandia Marketing Inc., Shelton, Conn., is eliminating the AS Impact variable annuity and replacing its ASAP II variable annuity with a new ASAP III variable annuity.
The ASAP III annuity comes with asset-based insurance charges of 1.25%. The charges fall to 0.65% after the eighth contract year, American Skandia says.
American Skandia is a unit of Skandia Insurance Company Ltd., Stockholm.
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