QUINCY, Mass., Aug. 21 /PRNewswire/ -- Aviva Life Insurance Company
(Aviva) recently launched Saver's Select, a multi-rate flexible premium
deferred annuity designed for financial institution sales. The addition of
Saver's Select fortifies Aviva's position as the only major carrier to
offer banks a "full-line" portfolio, which also features term life, whole
life and single-premium universal life insurance policies.
Saver's Select features four guaranteed interest rate periods, enabling
customers to allocate premiums among one-year, three-year, five-year and
seven-year new money periods at the time of purchase. The product also
features a guaranteed interest rate, a first-year interest rate bonus, a
jumbo annuity value bonus, an optional return of principal guarantee,
strong liquidity and a seven-year surrender schedule.
"The Saver's Select annuity solution is nicely packaged to give our
clients all the benefits they come to expect from a fixed annuity and
more," notes Lou George, Chief Operating Officer, M&T Securities Inc. "The
ability to ladder money across four different rate periods, along with a
return of principal option, flexible withdrawal options and no Market Value
Adjustment -- all in the convenience of one contract -- really makes this
annuity unique. I'm not sure if I have ever seen anything quite like it."
Aviva Life Insurance Company and its wholly owned subsidiary, Aviva
Life Insurance Company of New York, are subsidiaries of London-based Aviva
plc. Aviva plc has roots dating back to 1696 and is one of the 10 largest
insurance groups in the world. One of the fastest-growing U.S. life
insurers, Aviva Life Insurance Company offers a competitive portfolio of
fixed life insurance and annuity products through select independent
agents, banks and brokers.
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