First Variable Annuity - University of Arkansas - Fayetteville AR
N 36° 03.902 W 094° 10.435
15S E 394282 N 3991799
This marker is located at the east entrance of the Business Building.
Waymark Code: WMVP7X
Location: Arkansas, United States
Date Posted: 05/12/2017
Views: 0
In May 1954, University of Arkansas Finance Professor Harold A. Dulan, with UA Law Professor E.J. Ball and UA master of business administration graduate Lewis Callison, created the nations first commercial variable annuity life insurance company. In November 1954, the Participating Annuity Life Insurance Company sold the first commercial variable annuity ever offered to the U.S. public. This pioneer company was later bought by Aetna. Today, variable annuities are used world-wide in estate planning for participation in economic growth and as a hedge against inflation.
Link to Marker: Not listed
History of Marker: Not listed
Additional Parking: Not Listed
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