Fifth Third Bancorp of Cincinnati and Security Benefit Life Insurance Co. of Topeka, Kan., have a partnership to sell a fixed annuity product in Fifth Third's branches.

The Provider III single-premium annuity, unveiled last month, has a three-year guaranteed interest rate of 6.1% for premium payments up to $99,999 and 6.35% for premium payments of $100,000 or more. Renewal rates are guaranteed to be at least 3% but have not been set by Security Benefit.

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