NU Online News Service, June 3, 1:25 p.m. – MONY Life Insurance Company of America, New York, today introduced its MONY Fixed Annuity product.
The product offers clients with retirement or estate-planning needs guaranteed interest rates and the potential for a lifetime income stream, with no up-front charges, MONY says.
Among key features are a choice of guarantee interest periods of one, three, five, seven, eight, or 10 years; a minimum interest rate guarantee of 3%; and the ability to transfer to another guaranteed interest period at any time.