Tuesday, March 06, 2007

 

Sun Life Financial Pioneers Income ON Demand the Annuity Industry's

Responding to the needs of Baby Boomers for more flexible annuity income, the U.S. division of Sun Life Financial today announced the launch of Income ON Demand, the industry's first-ever Income Storage Benefit (ISB). Available for an additional cost with most Sun Life Financial MastersĀ® variable annuities today, this patent-pending Income ON Demand option complements boomers' investment strategies of accumulating wealth by allowing them to defer part or all of the annual withdrawals permitted under the benefit and to "store" those withdrawals in the contract for future use.

Sun Life Financial Pioneers Income ON Demand the Annuity Industry's
Source: Yahoo! Finance

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