Carrier to Sell VA Contract Through Independent MGAs at Insurance Wood

Carrier to Sell VA Contract Through Independent MGAs

Old Mutual Financial Network has introduced the Beacon Navigator flexible-premium variable annuity.

Old Mutual, Atlanta, a unit of Old Mutual P.L.C., London, will be selling the contract through independent managing general agents, the company says.

Annuity purchasers can buy an account protection package that will give annuitants and their spouses a guaranteed minimum withdrawal benefit of 5% per year.

Carrier to Sell VA Contract Through Independent MGAs
Source: National Underwriter (subscription required)

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Carrier to Sell VA Contract Through Independent MGAs

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