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)
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)