Product Trends

ANNUITIES

Generation Life Offers Australian Retirees the Market’s Most Flexible Lifetime Annuity Product . Press release, June 7, 2023.

LifeIncome is the market’s most flexible lifetime annuity product. It now offers financial advisers’ clients the opportunity to increase their starting income when they enter retirement, expanding income as their investment grows over time.

AXA Brings Positivity and Peace of Mind to Retirees with New JoyAhead Immediate Annuity Plan. PR Newswire, June 27, 2023.

The JoyAhead Immediate Annuity Plan ("JoyAhead") is tailor-made for Hong Kong pre-retirees and retirees. The plan provides immediate and lifelong monthly guaranteed annuity payments. It also provides a terminal dividend to boost potential returns, as well as a special dementia companion benefit that doubles the monthly pay-out for up to 10 years, providing extra support in the event that the insured is first diagnosed with severe dementias before age 80.

National Life Group Launches Series of Fixed Indexed Annuities with Exclusive New Feature. Vermont Biz, June 23, 2023.

Exclusive to National Life is an innovative indexed annuity feature, the Dollar Cost Averaging option, which spreads the index crediting over 12 months. The annuities also include a Guaranteed Lifetime Income Rider that can be activated in the first policy year.

Jackson Enhances Registered Index-Linked Annuity Suite. Press release, June 5, 2023.

The company launched Jackson Market Link Pro® II (JMLPII) and Jackson Market Link Pro Advisory® II (JMLPAII), two new registered index-linked annuities (RILAs) enhancements that include an exclusive crediting method, expanded index account option term, and an intra-term performance lock feature.

North American Company Launches New Fixed Index Annuity . Business Wire, May 2, 2023.

NAC Control X is a single premium, deferred fixed index annuity with an optional Total Control rider. With NAC Control. X, policy owners earn interest credits from a fixed account and multiple indexed account options allocated to their accumulation value.

Ibexis Life & Annuity Insurance Company Launches Innovative Fixed Indexed Annuity. PR Newswire, May 1, 2023.

Ibexis announces the launch of its FIA Plus fixed indexed annuity in the independent marketing organization ("IMO") sales channel. It offers crediting strategies linked to two unique proprietary indexes from Bank of America and HSBC: the S&P 500®, and a fixed account. FIA Plus is an accumulation fixed indexed annuity. It also offers additional floor options that provide higher accumulation potential.

HSBC launches AI-Powered Equity Index Using AWS . Yahoo Finance, April 20, 2023.

HSBC launched the HSBC AI Global Tactical Index (HSBC AIGT) which will use machine learning powered by Amazon Web Services, Inc.(AWS) in conjunction with equity investing. The HSBC AIGT index was developed by HSBC and leverages the artificial intelligence (AI) capabilities of AWS to carry out an AI-based index investment process.

Brighthouse Financial Announces Enhancements to Its Shield® Level Annuities Product Suite . BusinessWire, May 1, 2023.

The enhancements include the launch of Shield Options with Step Rate Edge, a strategy designed to help clients keep their plans for retirement on track by providing additional growth opportunities in certain down markets.

Allianz Life Insurance Co. of North America - Allianz Life Introduces New Features for Allianz Index Advantage+ Variable Annuities . Press release, May 1, 2023.

Allianz Life is launching three refreshed products: Allianz Index Advantage+ Variable Annuity that includes enhanced performance lock flexibility and simpler crediting method terminology; Allianz Index Advantage + IncomeSM Variable Annuity with an income multiplier benefit that allows investors to withdraw up to twice their annual maximum income payment to help pay for needed care; and Allianz Index Advantage+ NFSM Variable Annuity, offering three- and six-year term index options with the Index Performance Strategy to give clients long-term growth potential and participation rates that allow for potentially higher performance credit than the index return.