With a deferred annuity, you pay now and hope to accumulate assets through either a variable product that invests in equity mutual funds or a fixed product that offers bond-like returns.
This means that investors who thought they were buying a fixed income product get beaten up Apple shares which they never intended to buy.
Practically all were closed-end fixed-income securities, preferred stocks or some other form of fixed-income product masquerading as stocks.
"We see February as a pause rather than something to be concerned about, " said Emma du Haney, senior fixed-income product specialist at Insight Investment, a London-based fund manager.
Seattle-based Sound Community Bank just opened a loan office in the affluent Madison Park suburb to increase its capacity to offer jumbo mortgages, but decided to stick with five- and seven-year ARMs and a 15-year fixed-rate product.
Defects can be fixed using another Centennial product, Centennial 2000 Pro Enterprise edition.
Like hotels and airlines, every empty stadium seat represents a fixed cost and a perishable product.
Because the number of potential customers for such experimental sensors is small, the firms manufacturing them have to charge a high price per unit just to cover the fixed costs of designing the product, setting up the factory, and so forth.
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By year-end it aims to put most of its 17 fixed-income, currency and commodity product lines on Web ET.
The asset management business earns money by offering customers a wide range of investment products so that customers can invest their money in the market (equity, fixed income, alternative investment etc.) and product that best matches their investment goals.
Life insurers' biggest-selling product of the late 1980s was annuities offering fixed rates much higher than could be obtained from other fixed-income products.
At least three months notice must be given to customers following any decision to end the guarantee, and fixed term accounts will retain the guarantee for the term of the product.
Leeds Building Society credited some of its success on the savings front to the popularity of its fixed rate bonds, which allowed customers unlimited access to a proportion of their money without penalty during the product's term.
FirstFed's main product: option adjustable-rate mortgages, those that jump in rates to unaffordable heights following low fixed ones.
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