Search
 

Huntington offers new fixed annuity

A new fixed annuity from Huntington offers high rates, tax deferred interest earnings, and an opportunity to exit the product if renewal rates decrease more than a half percent.

By Heather Trese | Updated on May 02, 2011

The Huntington Investment Company, a wholly owned subsidiary of Huntington Bancshares Incorporated, recently launched a new fixed annuity product that provides a higher rate than many certificates of deposits, tax deferred interest earnings, and a unique feature that allows customers to exit the product if renewal rates decrease by more than a half percent.

The Huntington SecureFore 7, issued by Forethought Life Insurance Company, is a seven-year fixed annuity that allows the customer to lock in a rate for three or five years.  At the end of that term and annually after that, the rate is reset. Customers can exit the contract with no penalty if the renewal rate drops more than a half percent below their base rate.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.