Thursday, December 21, 2006

 

NY Life Produces VA with Longevity Provision

New York Life Insurance and Annuity Corporation has brought out a new variable annuity that offers its purchasers protection against outliving their financial resources.

The new product, the LifeStages Longevity Benefit Variable Annuity, offers not only tax-deferred growth but also a promise of lifetime income, even if owners live a long time.

NY Life Produces VA with Longevity Provision
Source: National Underwriter (subscription required)

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