Part Two of the Interview with Wharton Professor David Babbel
This is the second part of an interview with Professor David Babbel.
Part one can be found here.
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Interest rates represent the cost of capital or what you pay to borrow money. A detailed definition of interest rates is beyond the scope of this glossary. What is important to remember is that interest rates are critical components of virtually every financial product you consume. This is especially true with annuities because, in general, insurance companies manufacture annuity products through a combination of bonds and derivatives. As a result, interest rates are the raw material of all annuity types.
This is the second part of an interview with Professor David Babbel.
Part one can be found here.
...
Columbus Life Insurance Company offers services in life insurance and annuities. The company's life insurance options spans across four individual plans designed to cater to different clients, while its annuities plans cover two areas.
Life Insurance Products:
Life Insurance Company of the Southwest (LSW) was incorporated in 1955 and is headquartered in Addison, Texas. It is a wholly owned subsidiary of the National Life Group and is licensed to do business in 49 states and the District of Columbia. Life Insurance Company of the Southwest (LSW) provides annuities to individuals and below is a brief description of its annuities: