CNO Financial Finds Success with New Fixed Annuity Product
August 22, 2017 by Alex Padalka
A new fixed indexed annuity product has translated into the majority of annuity sales growth for CNO Financial Group, Insurance News Net writes.
The firm’s single-premium Guaranteed Lifetime Income Annuity, which comes with a lifetime rider, was particularly popular with middle-market consumers, according to the web publication. It also made up the “vast majority” of growth in annuity sales in the second quarter, CNO President Gary C. Bhojwani told analysts in a phone call, according to Insurance News Net. CNO’s Bankers Life subsidiary is playing a leading role in distributing the product.
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Click HERE to read the full article via InsuranceNewsNet.