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Dearborn National® Introduces the Destination Fortifier Series™

March 15, 2010

 

CHICAGO – Dearborn National is pleased to announce the launch of its Destination Fortifier Series, a family of single premium deferred multi-year guarantee annuities with an optional market value adjustment (MVA) feature.

"The Destination Fortifier Series adds another layer to our already robust lineup of fixed and fixed index annuities," said David Burghard, Executive Director of Individual Product Management at Dearborn National. "The products are easy for consumers to understand and are available in 47 states."

The Destination Fortifier Series offers a variety of interest rate durations with matching surrender charge schedules. The product also has multiple liquidity options, one of which allows an annual withdrawal of up to 15 percent of the account value after the first year or immediate withdrawals of interest without incurring surrender charges.

Other features include an optional MVA in most states and issuance up to age 85 with a full account value death benefit.

The Destination Fortifier Series is backed by the financial strength of Fort Dearborn Life Insurance Company®, a Dearborn National brand company.

 

Contact:
David Burghard
Director, Corporate Communications
(630) 824-6309
David_Burghard@dearbornnational.com