The offerings include:
- TaxSaver Freedom® ROP- This annuity provides a fixed interest rate with the safety of a return of premium (ROP) guarantee feature. With an ROP feature, customers have access to their deposits at any time and without a withdrawal penalty.
- TaxSaver Freedom® MVA- This product provides Vantis Life’s best interest rate, which is locked in for the duration of the term. The Market Value Adjustment (MVA) feature can positively or negatively impact the value in the contract if funds are withdrawn prior to the end of the guarantee period.
Both products provide a five-year rate guarantee and tax-deferred accumulation of interest gains, in addition to nursing care facility and terminal illness waivers.
“In today’s uncertain market environment, consumers value reliable and tax-efficient strategies when saving for their future,” noted Manny Lirio, AVP, Direct to Consumer Marketing at Vantis Life. “Our TaxSaver Freedom annuities, now available for direct purchase, provide the peace of mind necessary for a sound retirement plan.”
Vantis Life is rated A+ (Superior) by A.M. Best, the world’s most authoritative insurance rating and information source.
About Vantis Life
Since 1942, Vantis Life Insurance Company has specialized in providing families with affordable life insurance and annuity products. The Company leverages the latest underwriting technology and offers digital customer interfaces to provide a seamless experience for policyholders. Vantis Life is a separately operated subsidiary of The Penn Mutual Life Insurance Company.