Further strengthening its competitive portfolio of fixed life insurance and annuity products, Aviva Life Insurance Company (Aviva) recently launched the S&P 500®*- based Aviva Progressive Index Annuity, an equity-indexed annuity featuring an innovative breakthrough account.
Further strengthening its competitive portfolio of fixed life insurance and annuity products, Aviva Life Insurance Company (Aviva) recently launched the S&P 500Ž*- based Aviva Progressive Index Annuity, an equity-indexed annuity featuring an innovative breakthrough account.
Designed to provide enhanced interest growth potential when the index’s returns are strong, the breakthrough account guarantees 100% participation above an annually reset breakthrough level. The breakthrough account is complemented by two additional accounts – a competitive, index-based cap account and a guaranteed fixed account. The product also features strong liquidity through a 10% surrender charge-free withdrawal option, and can be funded by IRA-qualified, TSA and non-qualified monies.
“Aviva has a winning EIA product design that can provide clients with outstanding choice, flexibility and opportunity for growth,” notes Brian Donahue, president of Donahue Macchia Insurance, one of Aviva’s leading distributors. “It represents a powerful approach to meeting long-term savings needs and an exciting addition to the EIA marketplace.”
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* "S&P 500Ž" is a trademark of The McGraw-Hill Companies, Inc and has been licensed for use by Aviva. The product is not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of purchasing the product.
For further information, contact:
Chris McAuley
Aviva Life Insurance Company
800-225-8073, option 5
cmcauley@avivausa.com
Notes to editors:
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.