Tuesday, October 27, 2009
Security Mutual: Immediate Annuity Has Liquidity
A new immediate annuity includes several liquidity options that are designed to appeal to baby boomers.
Issued by Security Mutual Life Insurance Company of New York, the policy provides a guaranteed lifetime income for the purchaser and also allows the annuitant to receive unscheduled lump sum payments via the liquidity options.
One liquidity option allows partial withdrawals as of the fifth, 10th, and 15th contract anniversaries, according to the Binghamton, N.Y., insurer.
Another liquidity option, available with term certain annuities, permits the owner to withdraw the present value of the remaining term certain payments...
National Underwriter: Immediate Annuity Has Liquidity
Issued by Security Mutual Life Insurance Company of New York, the policy provides a guaranteed lifetime income for the purchaser and also allows the annuitant to receive unscheduled lump sum payments via the liquidity options.
One liquidity option allows partial withdrawals as of the fifth, 10th, and 15th contract anniversaries, according to the Binghamton, N.Y., insurer.
Another liquidity option, available with term certain annuities, permits the owner to withdraw the present value of the remaining term certain payments...
National Underwriter: Immediate Annuity Has Liquidity
Permalink posted by markw @ 4:58 AM 
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