The Phoenix Companies and Legacy Marketing Group have jointly launched enhanced version of its CommandMark single premium fixed indexed annuity series.
The new CommandMark Series has been designed to provide guaranteed lifetime income for consumers with possibility of increasing that income if there is a chronic care need and an enhanced death benefit.
In addition to several innovative riders, including the Income Command Rider 2.0 Enhanced, it offers guaranteed lifetime withdrawal benefit (GLWB) and enhanced chronic care benefit, and the heritage rider, which provides an enhanced death benefit.
Phoenix’s vice president and product officer Dana Pedersen said, "In combination with the riders available, these enhancements give agents access to a product that can allow their clients to design a solution to their unique retirement needs, including enhanced death benefit protection."
Legacy’s president Preston Pitts added, "Coupled with the Income Command Rider 2.0 Enhanced, the Heritage Rider provides policyholders with additional protection for their heirs."