{"id":2675,"date":"2023-01-24T16:06:14","date_gmt":"2023-01-24T16:06:14","guid":{"rendered":"https:\/\/electronicwordsmith.com\/north-american-and-annexus-launch-new-fixed-index-annuity-insurancenewsnet\/"},"modified":"2023-01-24T16:06:14","modified_gmt":"2023-01-24T16:06:14","slug":"north-american-and-annexus-launch-new-fixed-index-annuity-insurancenewsnet","status":"publish","type":"post","link":"https:\/\/electronicwordsmith.com\/north-american-and-annexus-launch-new-fixed-index-annuity-insurancenewsnet\/","title":{"rendered":"North American and Annexus launch new mounted index annuity \u2013 InsuranceNewsNet"},"content":{"rendered":"


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North American Firm for Life and Well being Insurance coverage, a member firm of Sammons Monetary Group and one of many largest issuers of mounted index annuities (FIAs) within the U.S.,1<\/sup> has as soon as once more joined forces with Annexus, a premier impartial designer of FIAs.<\/p>\n

The brand new North American Safe HorizonSM<\/sup> Alternative (Safe Horizon Alternative) mounted index annuity affords shorter 5- and 7- 12 months phrases and is designed to assist purchasers attain their monetary targets by providing development and safety for his or her retirement financial savings.<\/p>\n

“Safe Horizon Alternative is the following evolution in FIA design.” \u2013 Ron Shurts, Annexus Co-Founder and CEO<\/p>\n

Along with an automated and industry-first Efficiency Technique Ladder created to offer enhanced development alternatives, Safe Horizon Alternative additionally affords an elective 4-in-1 Retirement Advantages Rider.2<\/sup> Accessible for an extra price, the 4-in-1 Retirement Advantages Rider helps deal with the first dangers purchasers might face in retirement\u2013demise, well being impairment, longevity, and the doable discount in advantages that the Social Safety Administration initiatives might happen beginning in 2034.3<\/sup><\/p>\n

“We’re proud to proceed working with Annexus, constructing on the success of North American Safe HorizonSM<\/sup> and North American Safe HorizonSM<\/sup> Plus FIAs,” stated Rob TeKolste, president, Sammons Unbiased Annuity Group. “Safe Horizon Alternative is yet one more modern answer for monetary professionals to increase their providers and higher meet purchasers’ wants. Along with serving to purchasers develop and shield their financial savings, the elective 4-in-1 Retirement Advantages Rider out there with Safe Horizon Alternative permits them to arrange for the 4 widespread dangers that will derail retirement plans.”<\/p>\n

“Annexus strives to offer our distribution companions with essentially the most modern options available on the market,” stated Ron Shurts, Annexus Co-founder. “Safe Horizon Alternative is exactly that\u2014 the following evolution in FIA design, offering a aggressive development alternative that enhances the Annexus portfolio of top-tier merchandise. Some of the distinctive issues about this new FIA suite is the choice to elect the Retirement Advantages Rider which features a groundbreaking Social Safety reduction-triggered profit and a two-of-six actions of day by day dwelling profit. We’re excited to increase our partnership with North American and PlanGap to deliver this product to market nationally.”<\/p>\n

Advisors, Registered Funding Advisors (RIAs), and insurance coverage professionals looking for entry to this product ought to contact their Annexus-affiliated Unbiased Distribution Firm. In case you are a client considering studying about Safe Horizon Alternative, ask your monetary skilled for extra data.<\/p>\n

About North American Firm for Life and Well being Insurance coverage<\/b><\/p>\n

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North American Firm for Life and Well being Insurance coverage\u00ae<\/sup><\/a>\u00a0is a member of\u00a0Sammons\u00ae<\/sup>\u00a0Monetary Group, Inc.<\/a>\u00a0Since 1886, North American has established a convention of offering high quality insurance coverage merchandise to shoppers all through the U.S. We provide a complete portfolio of time period, common life, and listed common life insurance coverage merchandise. North American additionally affords all kinds of conventional mounted and glued index annuities and constantly ranks among the many prime mounted index annuity carriers within the U.S.\u00a0For extra data, please go to right here<\/a>.<\/p>\n

1<\/sup><\/i>Supply: <\/i>3rd<\/sup> Quarter 2022 <\/i>Wink’s Gross sales & Market and LIMRA\/Safe Retirement Institute studies.<\/i><\/p>\n

2<\/sup><\/i>The Retirement Advantages Rider has an extra price that’s charged as a share of the Accumulation Worth on every Contract anniversary. <\/i><\/p>\n

3<\/sup><\/i>Supply: The 2022 Annual Report of the Board of Trustees of the Federal Outdated-Age and Survivors Insurance coverage and Federal Incapacity Insurance coverage Belief Funds.<\/i><\/p>\n

About Annexus<\/b><\/p>\n

Annexus designs options to assist Individuals develop and shield their retirement financial savings. For over a decade, Annexus has developed market-leading mounted index annuities and listed common life insurance coverage merchandise. Annexus has solid relationships with lots of the {industry}’s main insurance coverage carriers and the world’s largest funding banks. Discover out extra about Annexus and its merchandise at\u00a0www.annexus.com<\/a>.<\/p>\n

About PlanGap<\/b><\/p>\n

Headquartered in Atlanta and based in 2017, PlanGap is a product innovation firm creating a set of “trigger-based” annuity and life insurance coverage merchandise\u2013retirement insurance coverage\u2013that clear up beforehand unaddressed monetary issues for retirees. PlanGap, by its insurance coverage service and distribution companions, empowers folks to guard themselves in opposition to disruptions to their retirement revenue, offering options for these nervous that establishments have made retirement guarantees they can’t, or is not going to, maintain. Go to plangap.com<\/a>\u00a0for extra data.<\/p>\n<\/div>\n