Product Trends

ANNUITIES

Manulife-Sinochem Launches First Private Pension Product in China. Yicai, August 22, 2023.

The Worry-Free Retirement Pension Annuity grows at an average compound annual rate of 3%. Annual receipt is an option. Participants can also enjoy concierge services, as well as home-based or community-based care.

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

The immediate annuity product JoyAhead Immediate Annuity Plan is tailor-made for Hong Kong pre-retirees and retirees. The new plan provides a monthly guaranteed annuity payment. There is also a special dementia companion benefit.

Farmers Life Insurance Company Introduces Its Harvest (TM) Fixed Index Annuity. PR Newswire, September 28, 2023.

Harvest is the company’s first Fixed Index Annuity. This retirement solution seeks to provide meaningful accumulation potential without exposure to market declines. The annuity is available in five- and seven-year durations.

Jackson Refines Perspective Variable Annuity Benefit Suite. Press release, August 28, 2023.

Flex Suite is a streamlined and simplified menu of add-on living benefits available within the Perspective family of variable annuity products. Flex Suite includes 14 options of add-on living benefits. Flex DB offers a built-in death benefit that provides income and enables clients to leave behind an enhanced legacy for their loved ones.

Midland National Refreshes IndexBuilder Fixed Index Annuity. Business Wire, August 1, 2023.

The MNL IndexBuilder 10 and MNL IndexBuilder 14 fixed index annuities (FIA) have been updated. These new versions offer clients an immediate premium bonus on each of the annuities in the first seven years.

Nationwide Mutual Insurance Company - Nationwide launches new registered index-linked annuity with buffer. Private Companies News via PUBT, July 17, 2023.

Nationwide DefenderSM Annuity is a new registered index-linked annuity (RILA). The annuity allows investors to tailor their strategy with a one-year, three-year or six-year term to fit their own unique investment goals. It features five different investment options.

WealthVest, in partnership with Prosperity Life Group, to deliver two new indices from Fidelity Investments. Press release, July 7, 2023.

WealthSecure is a fixed indexed annuity offering multiple crediting strategies. The annuity introduces QuarterLock, a unique crediting strategy that automatically locks in the highest quarterly index value within the indexed term.