Protective Life Insurance Company is releasing the FutureSaver II annuity, a multi-year, guaranteed, flexible-premium fixed annuity contract.

The new product allows buyers to allocate funds to interest rate accounts with guarantee periods ranging from 2 to 10 years, according to Protective Life Insurance, a unit of Protective Life Corp., Birmingham, Ala.

Insurer Unveils Annuity Line
Source: National Underwriter (subscription required)