Product Trends

ANNUITIES

Matmut Group introduces individual retirement plan in partnership with BNP Paribas Cardif – Press release, April 27, 2021.

The Complice Retraite plan is an individual retirement savings plan. There is an option for customers to suspend contributions in the event of inability to work for self-employed individuals. The plan will initially be distributed by Matmut group wealth management advisors before becoming available through all the insurer’s branches in 2022.

Aditya Birla Sun Life Insurance (ABSLI) launches Vision Life Income Plus – LiveMint, May 21, 2021.

ABSLI Vision LifeIncome Plus Plan has announced the launch of a hyper-flexible savings plan. The new plan will provide guaranteed regular income plus flexible bonus payouts to policyholders.

Max Life launches new pension plan with guaranteed financial protection – sify.com May 17, 2021.

Max Life Saral Pension’ is a non-linked, non-participating single premium, Individual Immediate Annuity Plan. The plan offers a guaranteed income. Customers can choose the mode of pay-out it can be on a yearly, half yearly, quarterly, or monthly basis. There is also a return of premium on the death of the annuitant.

Ageas Federal Life Insurance launches Saral Pension: 3 things you should know – LiveMint, May 3, 2021.

The Saral Pension annuity plan helps a customer prepare an annuity plan for themselves and their spouse. It offers an option of single life and a joint life immediate annuity. The minimum annuity one can get is R1,000 per month, R3,000 per quarter, R6,000 per half year and R12,000 per year.

High Net Worth Individuals (HNWIs) in Singapore get new life insurance products – Citywire Asia, May 4, 2021.

The new plans, Universal Life Alpha Pro and Universal Life Alpha Pro Century are refreshed versions of earlier Transamerica products for HNWIs. The products include the potential for growth, with an interest rate never lower than 1.5% for account credits, with an additional loyalty bonus until the insured person reaches 100 years of age.

Unicaja Banco launches its first sustainable pension plan with Santalucthat Ía – Press release, June 24, 2021.

Uniplan Futuro Sostenible is a sustainable pension plan. It constitutes an alternative financial investment. The plan will invest a majority directly or indirectly in assets that promote investments sustainable and in compliance with UN Sustainable Development goals.

Allianz Seguros starts marketing savings insurance of Allianz Leben Product – Brochure, June 2021.

Allianz Perspektive will be distributed through the Allianz Seguros agent network. It is a savings policy with a guaranteed long-term return, which is unusual in the current low interest rate environment. (Text in Spanish)

Lincoln Financial Group helps provide control over Investment outcomes through first-of-its-kind annuity solution – Business Wire, June 21, 2021.

Lincoln Investor Advantage Pro is a variable annuity that features the Lincoln Defined Outcome Funds, a platform of 125 funds. The Lincoln Defined Outcome Funds are sub-advised by the defined outcome solutions expertise of Milliman Financial Risk Management LLC.

F&G introduces new category-defining Annuity product with "FILA" – PR Newswire, June 21, 2021.

Dynamic Accumulator is a new fixed index linked annuity product (FILA) It offers 100% principal protection against market decline. It also allows customers to control their level of risk. A customer can change their risk level annually.

Prudential launches FlexGuard Income indexed variable annuity – a new investment and income strategy with enhanced flexibility and control – Business Wire, June 15, 2021.

FlexGuard Income is a new indexed variable annuity. The annuity adds an innovative new buffered income benefit linked to market performance. The annuity is available via Prudential Advisors Financial professionals.

Symetra launches two new Registered Index-linked Annuities – Business Wire, June 2, 2021.

Symetra Trek Plus Index-linked Annuity and Symetra Trek Frontier Index-linked Annuity are two new single premium registered indexed-linked annuities. The annuities offer offering strong liquidity features, buffer, and floor downside protection options, and five index choices.

Delaware Life launches innovative Variable Annuity with riders PR Newswire, May 25, 2021.

The Delaware Life Accelerator Prime Variable Annuity combines the benefits of a traditional variable annuity with the flexibility of a range of riders that address individual client needs. It offers Guaranteed Market Protection Benefit (GMPB) rider in a variable annuity. The Armor Flex Seven and Armor Flex Ten riders give clients the ability to invest in the financial markets through a broad range of investment fund options.

AIG Retirement Services launches self-directed Retirement Pathfinder planning tool to help plan participants discover their path to a brighter future Press release, May 17, 2021.

Retirement Pathfinder is an interactive planning tool. Customers can define their retirement lifestyle and financial goals and then match that with their spending ability. This is designed to bring innovation and convenience to nonprofits and public service employees.

New Bankers Life Annuity product offers income and flexibility during retirement Press release, May 13, 2021.

The Guaranteed Lifetime Income Annuity Plus with Enhanced Benefit (GLIA Plus) is a single premium fixed indexed annuity. Its enhanced benefit offers a temporary increase to income withdrawal. This is after the individual has being certified by a licensed health care professional as being unable to perform two or more Activities of Daily Living (ADLs) or as having a severe cognitive impairment.

Nationwide Defined Protection Annuity now adds three new indices Press release, May 10, 2021.

Nationwide and Annexus announce the addition of three new indices to the Nationwide Defined Protection Annuity (DPA) They are the registered index-linked annuity (RILA), BlackRock Select Factor Index and SG Macro Compass Index, plus the S&P 500 Average Daily Risk Control 10% USD Price Return Index. The addition of these indexes helps better meet customers goals and risk tolerances.

J.P. Morgan and Nationwide launch first professionally managed annuity Press release, May 6, 2021.

J.P. Morgan Multi-Asset Choice is an innovative variable annuity. Customers work with a dedicated J.P. Morgan advisor. Customers can also benefit from the tax-deferral features of the annuity to minimize the current impact of taxes and maximize accumulation potential.

Allianz Life announces enhancements to Select Index Variable Annuities Press release, May 3, 2021.

Allianz Index Advantage Variable Annuity and Allianz Index Advantage Income Variable Annuity have been enhanced. Enhancements include two new multi-year term index options: the Index Performance Strategy 6-Year Term and Index Performance Strategy 3-Year Term both with 10% buffer. There is also a performance lock feature which allows the ability to lock in gains or help limit losses once during a term.