Scudder Investments has paired up with Travelers Life & Annuity to bring two new Advocate variable annuities to market. The Deutsche Asset Management unit will offer both the Scudder Advocate Rewards and Scudder Advocate Advisor as C-share variable annuity with no surrender charges. The two products will also offer an optional guaranteed minimum withdrawal benefit for 40 basis points.

"Travelers Life & Annuity's long history of financial strength and success in the market, combined with Scudder's strong distribution network and marketing capabilities, creates an opportunity for each company to expand its core business," said Kevin Hogan, director of the Insurance Products Group for Scudder Investments.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE