A Wrap Around a Wrap Account:

An insurer and an investment advisory firm team up to launch the first unbundled GLWB.


By Alan Lavine

May 2008

The Phoenix Companies of Hartford, Conn., and Lockwood Capital Management (LCM) of Malvern, Pa., have de-coupled the 5% lifetime withdrawal rider from deferred annuities and applied it to a separate account.

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