SOURCE: Dearborn National

Dearborn National

March 15, 2010 13:20 ET

Dearborn National™ Introduces the Destination Fortifier Series™ Multi-Year Guarantee Annuity

CHICAGO, IL--(Marketwire - March 15, 2010) - Dearborn National is pleased to announce the launch of its Destination Fortifier Series, a family of single premium deferred multi-year guarantee annuities with an optional market value adjustment (MVA) feature.

"The Destination Fortifier Series adds another layer to our already robust lineup of fixed and fixed index annuities," said David Burghard, Executive Director of Individual Product Management at Dearborn National. "The products are easy for consumers to understand and are available in 47 states."

The Destination Fortifier Series offers a variety of interest rate durations with matching surrender charge schedules. The product also has multiple liquidity options, one of which allows an annual withdrawal of up to 15 percent of the account value after the first year or immediate withdrawals of interest without incurring surrender charges.

Other features include an optional MVA in most states and issuance up to age 85 with a full account value death benefit.

The Destination Fortifier Series is backed by the financial strength of Fort Dearborn Life Insurance Company®, a Dearborn National brand company.

About Dearborn National

With more than 40 years of experience, the Dearborn National brand companies offer a broad selection of insurance products that cover many markets: Group Benefits, Worksite, Individual and Annuities. We are licensed in all 50 states, as well as the District of Columbia, the U.S. Virgin Islands, the British Virgin Islands, Guam and Puerto Rico. Our parent company, Health Care Service Corporation, a Mutual Legal Reserve Company, is the largest non-investor owned health care insurance provider in the United States and the fourth largest overall. For more information, please visit www.dearbornnational.com.

Products and services marketed under the Dearborn National™ brand and the star logo are underwritten and/or provided by Fort Dearborn Life Insurance Company® (Downers Grove, IL) in all states (excluding New York), the District of Columbia, the United States Virgin Islands, the British Virgin Islands, Guam and Puerto Rico.

Contact Information

  • Contact:
    John Myers
    Senior Manager, Corporate Communications
    (630)-824-5637
    Email Contact

    1020 31st Street, Downers Grove, Illinois 60515-5591
    Toll Free: 800.348.4512
    Fax: 630.824.5418