Challenger launches guaranteed floating rate lifetime annuity. Press release, August 24, 2020.
The RBA Cash Linked option is a guaranteed floating rate lifetime annuity. Its payments are linked to the Reserve Bank of Australia cash rate. The option has substantial estate and withdrawal benefits.
Mitsui Sumitomo Primary launched currency selection living protection-focused individual annuity (indexed type). Press release, July 14, 2020. (Text in Japanese)
The individual indexed single premium annuity is available in JPY or USD. Benefits include a death benefit that is 70% or 90% of the single premium. The issue age is from 50 to 80 years of age.
CUNA Mutual Group debuts MaxProtect Fixed Annuity. PR Newswire, September 21, 2020.
MaxProtect Fixed Annuity is a multiyear guaranteed annuity. The annuity offers guaranteed interest periods of three, five, and seven years. There is an option to receive payouts on a fixed installment or fixed life basis. The annuity has a minimum purchase amount of $10,000.
Canvas introduces direct-to-consumer annuity options online. PR Newswire, September 8, 2020.
The Signature Future Fund and Flex Fund fixed annuities from Canvas are now sold directly to consumers completely online. The application process only takes 10 minutes online and then another four days to have the policy issued.
Eagle Life announces new fixed annuity product series. Business Wire, September 8, 2020.
Eagle Life announces the launch of the all-new Eagle Guarantee Focus Series of three- to five-year fixed annuities. The Eagle Guarantee Focus 3 and Eagle Guarantee Focus 5 offer clients competitive fixed rates of 2.1% and 2.5%, respectively. They also offer terminal illness and nursing care riders included at no cost and a free withdrawal option.
A-CAP and AmeriLife launch new fixed indexed annuity linked to the Credit Suisse Momentum Index. PR Newswire, August 31, 2020.
The Accumulation Protector PlusSM (APP) Annuity is a 10-year fixed indexed annuity that gives holders access to the Credit Suisse Momentum Index.
Symetra introduces two fixed indexed annuities featuring new exclusive index from Putnam Investments. Business Wire, August 4, 2020.
Symetra launched two new fixed indexed annuities, Symetra Stride and Symetra Edge Elite. They feature the new Putnam Dynamic Low Volatility Excess Return Index. The index combines three asset classes: low-risk U.S. stocks, U.S. Treasury bonds, and cash.
Midland National and DPL introduce first commission-free fixed index annuity with health-activated income multiplier. GlobeNewswire, July 21, 2020.
The Midland National Capital Income is a fixed index annuity which is commission-free. It offers a health-activated income multiplier feature which can double income payments for up to five years to help prepare for increased personal care costs.
Bankers Life offers Security Builder Indexed Annuity with earned interest linked to S&P 500. Press release, July 10, 2020.
Security Builder is an indexed annuity. It has an issue age from 18 to 85 for Qualified Funds and 0 to 85 for Non-Qualified Funds. The account value of the annuity is linked, in part, to the S&P 500.