Financial Services Industry
Industry: Email Alert RSS FeedVA wedded to market-value annuity. (American Skandia Life's variable annuity)
National Underwriter Life & Health-Financial Services Edition, May, 1991 by Koco, Linda
American Skandia Life, Shelton, Conn., has wedded a variable annuity and a market-value adjusted annuity into an annuity package designed for distribution through stockbrokers and financial planners.
An affiliate of ther Skandia Group, an international firm that has offered reinsurance in the United States since 1900, American Skandia has been marketing products in the U.S. since 1987.
The new annuity package, LifeVest Guaranteed Principal & Equity Plan, seeks to provide consumers with an opportunity to participate in equity investments, but with a "limited downside risk." Here's how:
The buyer makes a single premium deposit (minimum $10,000) into the plan. One portion goes into the variable annuity (called Personal Security Annuity), and...
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
