Products December 9, 2008

Newport Adds Spanish to Web Site, Statements

The Newport Group is now making its participant account statements and participant Web site available in Spanish.
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A Newport news release said the Web site features account information including current balances, the ability to perform transactions, and retirement and financial education material for Spanish-speaking participants, and offers plan sponsors the ability to administer plans online.

A user selects the “En EspaÑol” link at the top of the site’s homepage to access the Spanish materials, according to Newport.

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“Language should never be a barrier on the path to retirement,” said Newport Chief Marking Officer Tom Pittman, in the news release. “These enhancements make it easier than ever for Spanish-speaking participants to enroll in benefit plans, make informed decisions, and plan the best route to reach their financial destinations.”

The Web site enhancement is in addition to Spanish enrollment kits and bilingual benefit and investment specialists available through Newport’s Client Service Center, the company said.

Products December 9, 2008

Symetra Unveils Guaranteed Income Products

Symetra Life Insurance Company announced the availability of its Stability Suite.
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A news release said the products provide guaranteed interest rate returns, market risk-proof reliability, and income protection.

The Stability Suite includes, according to a press release:

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  • The Advantage Income Annuity that is designed to reduce financial risks. A one-time purchase locks in guaranteed income payments including a lifetime income stream option. Retirees can schedule regular pay increases and take withdrawals as often as every 36 months without incurring surrender fees.
  • The Custom Fixed Annuities that help build tax-deferred retirement savings. The products’ fixed interest rates do not fluctuate based on the markets.

“With ongoing economic uncertainty, people want simpler financial solutions and more secure ways to build savings,” said Rich Lindsay, senior vice president of the Life & Annuities division at Symetra Financial, in the release. “Symetra’s Stability Suite meets the needs of increasingly risk-averse consumers and helps guard against financial market turmoil.”

More information is available at www.symetra.com/stabilitysuite.

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