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June 16, 2003
Vice President Peggy Coppola Featured in Investment News Magazine
In the June 16 issue of Investment News Magazine, Peggy Coppola - Vice President, Equity Business Development, along with other executive from top annuity providers offer commentary on the state of the industry.
In the June 16 issue of Investment News Magazine, Peggy Coppola - Vice President, Equity Business Development along with other executive from top annuity providers offer commentary on the state of the industry. The article highlights the fact that many insurance companies that offer a fixed subaccount guaranteeing a 3% minimum one-year return, including Guardian, are dropping that feature. The reason? Low interest rates. While insurers have been able to justify continuing to offer the 3% rate because of large sales, today's low interest rates make the offering no longer supportable by many carriers. Other companies that have dropped the feature include Nationwide, MetLife, and TIAA-CREF.
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