has paired up with Travelers Life & Annuity
to bring two new Advocate
variable annuities to market. The Deutsche Asset Management unit will offer both the Scudder Advocate Rewards
and Scudder Advocate Advisor
as C-share variable annuity with no surrender charges. The two products will also offer an optional guaranteed minimum withdrawal benefit for 40 basis points.
"Travelers Life & Annuity's long history of financial strength and success in the market, combined with Scudder's strong distribution network and marketing capabilities, creates an opportunity for each company to expand its core business," said Kevin Hogan, director of the Insurance Products Group for Scudder Investments.
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