Annuities

India

Bajaj Allianz Life introduces post-retirement fund guarantee plan. Business Today, February 26, 2021.
The Bajaj Allianz Life Guaranteed Pension Goal plan offers a guaranteed regular deferred annuity during post-retirement life. Customers can opt for immediate regular income through an immediate annuity plan or start the income later through the deferred annuity plans.

Japan

MS Aioi start data linkage of individual annuity (annuity certain) with “Money Forward Me”. Press release, January 14, 2021. (Text in Japanese)
“Money Forward ME” is a digital household accounts service offered by Money Forward. This collaboration helps customers manage their MS Aioi’s annuity product and plan more precisely for their retirement.

United States

Athene launches Fixed Indexed Annuity (FIA) designed to maximize long-term retirement savings. PR Newswire, March 30, 2021.
Athene’s AccuMax features a new AI-powered multi-asset index and Shiller Barclays CAPE Allocator 6 Index. The annuity also has an innovative annual interval sum crediting strategy tied to the S&P 500.

AIG Life & Retirement launches new lifetime income benefit for the Power Series of Index Annuities. Business Wire, March 22, 2021.
The new Lifetime Income Choice benefit for the Power Series of Index Annuities offers two options: Max Income and Level Income. The Max Income option maximizes income during the early and more active years of retirement. The Level Income option offers a consistent and steady income for life.

Securian Financial introduces new investment-only variable annuity (IOVA). Business Wire, March 4, 2021.
The MultiOption Momentum is an investment-only variable annuity (IOVA) that allows customers to set aside taxable assets in a tax-deferred instrument.

Equitable adds protection features to its tax-deferred variable annuity. Business Wire, March 4, 2021.
The additional features allow customers to fine-tune their approach by choosing either a Standard Segment, which measures investment performance over one year from the date of investment, or the Step-Up Segment, which guarantees a return equal to the Performance Cap Rate.

Transamerica introduces annuity rider with guaranteed protection. Business Wire, March 4, 2021.
The Transamerica Principal Optimizer annuity rider offers the freedom to invest 70% of premiums into any investment option available within the annuity.

Pacific Life launches fee-friendly advisory variable annuity. Business Wire, February 23, 2021.
Pacific Advisory Variable Annuity is an investment-only variable annuity. The annuity has no commissions and withdrawal charges. It includes institutionally priced investment options, and a fee-friendly return of investment death benefit available for an additional cost.

Nationwide launches the Nationwide Peak 10 Fixed Indexed Annuity with new development and distribution partner AmeriLife. PR Newswire, January 22, 2021.
Nationwide’s Peak 10 fixed annuity offers a fixed account and diverse lineup of four indexes, including two new exclusive indexes: the J.P. Morgan Cycle Index and The Alliance Bernstein Growth and Value Balanced Index. Peak 10 offers customers flexibility in accessing assets.

Schwab Introduces two custom-built variable annuities that are among the lowest cost on the market. Business Wire, January 15, 2021.
The Schwab Genesis Variable Annuity is offered directly to Schwab clients and is also available through independent Registered Investment Advisors (RIAs). The annuities offer up to 63 professionally managed investment portfolios from 12 different fund families, including the Schwab S&P 500 Index Portfolio. The annuities are available with the following rider SecurePay Life which is a guaranteed lifetime withdrawal benefit (GLWB) rider.

The Standard introduces new multi-choice annuity to provide clients with multiple withdrawal options. Business Wire, January 12, 2021.
The Multi-Choice Annuity (MCA) is a single-premium deferred annuity. It offers a guaranteed rate of return for three, five, or seven years and features the following optional withdrawal options: no optional withdrawal provisions, interest only, 10% annual withdrawals, and 10% annual withdrawals with Guarantee of Principal.