Some 21% of participants are now contributing at a lower rate and 4% have stopped altogether, according to Putnam.
The policy, the Lifetime FlexPlus II, features premiums that are 3% to 5% lower than those of the original version.
The New York-based firm suffered a 61% second-quarter drop in profit but still beat analysts' expectations.
The Lance Group specializes in school boards and municipalities and handles benefit plan analysis as well as design.
Bellatore Financial of San Jose, Calif. will purchase $540 million in assets from Nationwide Investment Advisors
Pennsylvania Life Insurance has agreed to a $925,000 settlement following allegations of unsuitable annuity sales in Wisconsin.
The firm's Micro Cap Value Fund and International Opportunities Fund will close to new retail investors June 30.
The producer price index, which tracks the inflation rate for wholesalers, increased 1.4% in May.
The ETNs are designed to track the short and leveraged performance of base metals and oil.
The company invests in mortgage-backed securities that are backed by government-sponsored agencies.
