Financial Services Industry
Industry: Email Alert RSS FeedSPDA lets buyers pick charge options. (Transamerica Life and Annuity's new single-premium deferred annuity)
National Underwriter Life & Health-Financial Services Edition, May, 1993 by Koco, Linda
Transamerica Life and Annuity of Los Angeles, CA, has introduced Power Plus, a new line of single-premium deferred annuity products that gives policyholders great flexibility in choosing its features. Power Plus offers surrender charge periods of 3-, 6- and 9-years, interest rate guarantee options of 1-, 3- and 5-years and the option of having a bailout. The Power Plus products are available for the qualified, comprehensive qualified and non-qualified markets and can be used to create 30 plans.
Single-premium deferred annuities usually call up images of contracts with one credited interest rate, fixed loads and specific target markets.
Not so with Power Plus, the new SPDA from Transamerica Life and Annuity, Los Angeles.
This policy lets buyers choose...
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