Empire Life launches Class Plus 3.0 offering guaranteed retirement income for life. Press release, October 23, 2017.
Class Plus 3.0 offers customers a guaranteed income for as long as they live, and is protected from market downturns. It offers lower fees and a graduated income payout schedule.
ERGO - four new life and pension products for individual coverage. Press release, December 18, 2017.
The ERGO Index Pension for individuals and the ERGO Company Index Pension for corporate pension plans offer a 100% premium guarantee, and an opportunity to achieve better returns. The ERGO Balance Pension allows customers to switch premiums and funds between an indexed policy and investment in first-class investment funds.
AIA rolls out unique retirement plan. The Island, October 15, 2017.
AIA Easy Pensions is a retirement savings plan, with minimum premiums as low as LKR 2,100.
It includes features such as life insurance; the option to withdraw funds after an emergency; and a loyalty bonus in the tenth year.
Nationwide introduces first fee-based fixed indexed annuity (FIA) to Trust Company of America's Liberty platform. PRNewswire, December 7, 2017.
Nationwide Summit, a fee-based FIA, has been added to the Liberty platform. This addition provides advisors with a more diverse line-up of offerings to manage risk and to protect their clients’ portfolios.
Great American Life launches new fixed-indexed annuity (FIA) and guaranteed income rider for fee-based advisors. Press release, December 4, 2017.
The Index ProtectorSM 7 is an FIA designed for investment advisors that provide fee-based services. Its IncomeKeeperSM rider offers lifetime income payments that could increase annually.
AIG introduces state of New York’s first fixed annuity with a guaranteed lifetime withdrawal benefit (GLWB). BusinessWire, November 29, 2017.
Assured Edge Income Builder-NY offers customers a guaranteed lifetime income. Customers can choose to receive the income immediately or in the future, while maintaining access to principal. The GLWB is included with no annual rider fee.
Lincoln Financial Group launches Lincoln Covered Choice 7 fixed indexed annuity (FIA). Press release, November 29, 2017.
Lincoln Covered ChoiceSM 7 is a single premium FIA. It features two living benefit rider options at an additional cost. The i4LIFESM Indexed Advantage offers retirees income now; the Lincoln Lifetime IncomeSM Edge offers retirees the chance to grow their income first and take income later.
Jackson Introduces Perspective Advisory II (PAII).Company website, November 14, 2017.
PAII is a fee-based variable annuity with no surrender charge and zero withdrawal charges. It offers more than 130 investment options and a suite of optional living and death benefits.
Fidelity Investments introduces new annuity: IncomeSource® series from Western & Southern Financial Group. Press release, October 16, 2017.
IncomeSource is an immediate annuity with a single premium. It offers customers the ability to choose their payout periods as well as guaranteed cash flow regardless of market fluctuations.
North American introduces fixed annuity with first-to-market liquidity rider. Press release, October 3, 2017.
NAC VersaChoice 10 is a fixed index annuity (FIA) with an optional rider. The rider, called the enhanced liquidity benefit (ELB), has an annual fee of 0.50% of the owner’s accumulated annuity value.