Friday, February 01, 2008
Fort Dearborn Life Introduces Classic Fortifier Flexible Premium Deferred Annuity
Fort Dearborn Life Insurance Company today announced the introduction of its Classic Fortifier, a flexible premium deferred fixed annuity...
"The Classic Fortifier fills two needs that are particularly important to consumers: liquidity and control," said Ken DiFrancesca, vice president, retirement and individual products, at Fort Dearborn Life. "This product is an important addition to our portfolio of fixed and indexed annuities. It is ideal for conservative investors who would like to consolidate their assets into one tax-deferred vehicle and still exercise the right to withdraw their funds if the interest rate drops."
The Classic Fortifier(TM) is a flexible premium deferred fixed annuity that accepts deposits during the first 12 months of the contract. All deposits during the first 12 months of the contract are subject to the same-five year surrender charge schedule. The product allows an annual partial surrender of up to 10 percent of the account value after the first year of the contract without incurring surrender charges. A first-year interest rate bonus is applied to all premiums received in the first 12 months...
EarthTimes: Fort Dearborn Life Introduces Classic Fortifier Flexible Premium Deferred Annuity
"The Classic Fortifier fills two needs that are particularly important to consumers: liquidity and control," said Ken DiFrancesca, vice president, retirement and individual products, at Fort Dearborn Life. "This product is an important addition to our portfolio of fixed and indexed annuities. It is ideal for conservative investors who would like to consolidate their assets into one tax-deferred vehicle and still exercise the right to withdraw their funds if the interest rate drops."
The Classic Fortifier(TM) is a flexible premium deferred fixed annuity that accepts deposits during the first 12 months of the contract. All deposits during the first 12 months of the contract are subject to the same-five year surrender charge schedule. The product allows an annual partial surrender of up to 10 percent of the account value after the first year of the contract without incurring surrender charges. A first-year interest rate bonus is applied to all premiums received in the first 12 months...
EarthTimes: Fort Dearborn Life Introduces Classic Fortifier Flexible Premium Deferred Annuity
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