Financial Services Industry
Industry: Email Alert RSS FeedSafeco adds annuity via Wash. Mutual.
Investment News, June, 2001
* Safeco Life and Investments in Redmond, Wash., is offering Select Annuity -- a single-premium fixed annuity -- through Washington Mutual Inc. financial centers in Arizona, California, Florida, Idaho and Washington. The annuity is available through WM Financial Services' financial consultants and Washington Mutual's licensed bank employees.
For the first three years, clients can lock in a guaranteed interest rate and earn bonus interest of 0.30%. Select Annuity also features a three-year surrender charge schedule. Washington Mutual clients may open a Select Annuity with an investment of $10,000 and may contribute additional purchase payments of at least $250 for six months after the initial purchase. Clients may withdraw up to 10% of their annuity's value...
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