BANKERS LIFE AND CASUALTY COMPANY INTRODUCES NEW INDEXED ANNUITY WITH PREMIUM BONUS
Friday, August 17, 2007
CHICAGO (August 17, 2007) - Bankers Life and
Casualty Company has introduced its newest annuity product, the
Premium Bonus Indexed Annuity.
The new offering is the third indexed product to be added to the
Bankers Security Builder™ annuity series. The indexed products
offer the simplicity of a fixed annuity combined with the
opportunity to earn returns linked to the S&P 500® Index - all
while protecting the annuity's principal and growth against
downside market risks.
"Annuities are the only savings vehicle that can guarantee
payments for the rest of your life," explains Scott Perry,
president of Bankers Life and Casualty Company, a national life and
health insurer serving the needs of the mature market. "That makes
the product especially important for people who would otherwise
retire depending solely on Social Security or their personal
savings. And, because earnings grow on a tax-deferred basis, your
retirement savings grow faster."
The Premium Bonus Indexed Annuity complements Bankers' annuity
portfolio by offering an up-front premium bonus. Four percent of
the net single premium amount is credited to the index value when
the annuity is issued. The premium bonus helps the annuity earn
money right from the start.
Clients, through issue age 75, can also take advantage of free
Convalescent Care and Terminal Illness riders which come with the
policy. These riders, subject to state availability, give clients
peace of mind knowing that cash is available should they need it
for qualified expenses.
"Annuities have always been an attractive savings vehicle for
those nearing retirement," adds Perry. "The Premium Bonus Indexed
Annuity will increase their appeal even more."
The Bankers Premium Bonus Indexed Annuity is currently available
through Bankers' career agents in over 20 states, with additional
states to offer the product soon.
About Bankers Life and Casualty Company
Established in 1879, Bankers is a subsidiary of Conseco, Inc.
Bankers focuses exclusively on the insurance needs of seniors by
offering a broad portfolio of health and life insurance and
retirement savings products designed especially for seniors. Visit
Bankers online at http://www.bankers.com/.
"S&P®," "S&P 500®," "Standard &
Poor's 500," "Standard & Poor's®," and "500" are trademarks of
the McGraw-Hill Companies, Inc and have been licensed for use by
Bankers Life and Casualty Company. The annuities referenced herein
are not sponsored, endorsed, sold, or promoted by Standard &
Poor's and Standard & Poor's makes no representation regarding
the advisability of purchasing these products.