Jefferson-Pilot Life Insurance Co. in Greensboro, N.C., has introduced three annuity product lines that offer interest rate bonuses of up to five percentage points on premiums paid during the first policy year.
The Jefferson Pilot Classic annuity consists of three multiyear-rate-guarantee, single-premium deferred products that offer initial rate guarantees for five or seven years, the company said Thursday. The Jefferson Pilot Classic Flex has two traditional flexible-premium deferred annuities that offer initial rate guarantees for one year and an extended-care confinement rider.
The Jefferson Pilot Classic-NY annuity, which is available only in New York, offers two traditional multiyear-rate-guarantee, single-premium deferred annuities that give initial rate guarantees of five or seven years, respectively, and matching surrender charge periods.
