When financial markets were in free fall a few years ago, many participants transferred assets out of stocks and bonds and into lower-yielding guaranteed accounts
, Knapp said.
Transfer your IRA into a combination of guaranteed accounts
, separate accounts with income guarantees and actively managed accounts.
Pinnacle was created by six previous Birmingham Midshires' employees who are able to draw on their vast knowledge of banking background and can provide advice on a large array of guaranteed accounts
, in addition to traditional investment and pension products.
This would mean that participants choosing a variable account would see their account balances rise and fall with the market, and employees desiring a guarantee would accept the going rate on guaranteed accounts
for reasonable periods of time, or some combination of both.
Norfolk also acts as structurer, manager and placement agent for collateralized debt obligations, guaranteed accounts
and other structured products involving absolute return strategies.
In addition to the 41 variable investment options from 12 different investment managers, the product features guaranteed accounts
, including Minnesota Life's general account.
Accessibility: Annual Surrender Charge-Free Withdrawals of up to 10% of the accumulated value from any of the Guaranteed Accounts
without incurring a surrender charge or market value adjustment(a); Systematic Withdrawals to receive income at specific intervals(a); a Nursing Home Waiver(b) which, in certain conditions, enables owners to withdraw money after the first contract anniversary without incurring any surrender charges.