The Phoenix Companies Inc. introduced the Premier LifeStyle Annuity, available exclusively through The AltiSure Group. The product—designed for both retirees and pre-retirees—is a single-premium indexed annuity with four indexed accounts, principal protection from investment loss, and a guaranteed lifetime withdrawal benefit, says The Phoenix Companies.
The annuity was created to offer two unique benefits. The Safety Growth Strategy is an index crediting strategy that allows for greater growth potential than traditional cap crediting strategies; and The Enhanced Guaranteed Income and Family Wealth Transfer Benefit (Enhanced G.I.F.T. Benefit) combines guaranteed lifetime withdrawals with an enhanced death benefit for one charge.
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