Interest Rates

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.

Guaranty Income Life

Short Company Name:

Guaranty Income Life

Long Company Name:

Guaranty Income Life Insurance Company

Guaranty Income Life Insurance Company is the primary subsidiary company of Guaranty Corporation. The company was founded in 1926 and is located in Baton Rouge, Louisiana. It is licensed to sell insurance and related products in 31 states.

Guaranty Income Life offers life insurance, long-term care, and annuity products to individuals to help them meet their wealth creation and protection needs. An overview of the products offered by Guaranty Income Life is given below:

Company Type:

Insurance Company

Web Site:

http://www.gilico.com/

Address

Street Address:

929 Government Street

City:

Baton Rouge

State:

ZIP Code:

70802

Country:

USA

Phone Number:

800-535-8110

Fax Number:

225-343-0047

Year Founded:

1926

Glossary:

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Western National

Short Company Name:

Western National

Long Company Name:

Western National

Western National Life Insurance Company was founded in 1944 and is located in Houston, Texas.

The company was named as American General Annuity Insurance Company between 1998 and 2009. It was one of the first insurance companies to offer fixed annuity products specifically for sale through banks and has been the leader in that market for several years.

Western National Life Insurance Company’s product range includes traditional fixed and indexed tax-deferred annuities and single premium income annuities. Below is a brief overview of its products:

Company Type:

Insurance Company

Web Site:

http://www.wnl.com/

Address

Street Address:

2929 Allen Pkwy., Ste. 3800

City:

Houston

State:

ZIP Code:

77019

Country:

USA

Phone Number:

1-800-424-4990

Fax Number:

806-342-1802

Year Founded:

1944

Key Phrases:

Glossary:

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Savings Bank Life

Short Company Name:

Savings Bank Life

Long Company Name:

Savings Bank Life Insurance of Massachusetts

Savings Bank Life Insurance Company of Massachusetts was founded in 1907 by Louis D. Brandeis, a prominent Boston attorney, with a concept of selling life insurance through savings banks in Massachusetts. Today, the company offers its products through savings banks as well as directly to consumers in 39 states including District of Columbia.

Savings Bank Life Insurance offers a variety of life insurance and annuity products and has the largest amount of life insurance in force in the state of Massachusetts. The products offered by Savings Bank Life Insurance are:

Company Type:

Insurance Company

Web Site:

http://www.sbli.com/

Address

Street Address:

One Linscott Road

City:

Woburn

State:

ZIP Code:

01801

Country:

USA

Phone Number:

1-800-694-7254

Fax Number:

781-935-6174

Year Founded:

1907

Key Phrases:

Glossary:

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Liberty Life

Short Company Name:

Liberty Life

Long Company Name:

Liberty Life Insurance Company

Liberty Life Insurance Company is a subsidiary of RBC Insurance Holdings (USA), Inc. It was founded in 1905 and is based in Greenville, South Carolina.

Liberty Life Insurance Company offers life insurance, critical illness cover, cancer expense insurance, travel insurance, and annuities to individuals in United States. A brief overview of products offered by Liberty Life Insurance Company is as follows:

Company Type:

Insurance Company

Web Site:

http://www.rbcinsurance.com/us/personal.html

Address

Street Address:

2000 Wade Hampton Blvd

City:

Greenville

State:

ZIP Code:

29615

Country:

USA

Phone Number:

1-800-234-5514

Fax Number:

864-609-3206

Year Founded:

1905

Key Phrases:

Glossary:

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Oxford Life

Short Company Name:

Oxford Life

Long Company Name:

Oxford Life

Oxford Life Insurance Company is headquartered in Phoenix, Arizona. It was founded in 1965 and is, currently, a subsidiary of AMERCO. Oxford Life aims at serving the senior market and help them meet their financial requirements through its insurance and annuity products.

Oxford Life, along with its three subsidiaries, North American Insurance Company, Christian Fidelity Life Insurance Company and Dallas General Life Insurance Company, offers life insurance, annuities and Medicare supplement to individual clients. Given below is a high level overview of its products offerings:

Company Type:

Insurance Company

Web Site:

http://www.oxfordlife.com/

Address

Street Address:

2721 North Central Avenue

City:

Phoenix

State:

ZIP Code:

85004