Product Trends

ANNUITIES

Generation Life Launches Innovative Investment-linked Lifetime Annuity Solution Using GBST’s Cloud-based Wealth Management Technology. Press release, May 25, 2022.

Generation Life LifeIncome is an investment-linked lifetime annuity that pays an income for life. The annuity will be available on the wealth administration platform Composer.

Huize Launches its First Customized Educational Annuity Insurance with Heng an Standard Life. Yahoo, June 2, 2022.

“Jin Zhi Qi Hang” is a customized annuity product dedicated to meet clients’ savings needs for their children’s future education. The insurance benefits can be used to cover children’s education expenses from undergraduate to postgraduate. The product offers two flexible coverage periods (up to the age of 25 or 30, respectively) and a death benefit.

ICICI Prudential Life Insurance Launches New Annuity Plan: ICICI Pru Guaranteed Pension Plan Flexi. Press release, May 4, 2022.

Guaranteed Pension Plan Flexi is a regular payment annuity product, available in seven variants including the unique Life Annuity with Accelerated Health Boosters and the Life Annuity with Booster Payouts. These two have been designed to provide guaranteed lifelong income together with liquidity to meet healthcare and lifestyle needs.

ApexAdvantage Fixed Index Annuity Launches, Focused on Competitive Early Income. Business Wire, June 28, 2022.

ApexAdvantage is a new limited distribution annuity product. It can be activated in as little as 30 days after policy issue for anyone age 50 or older. The annuity comes with an optional FutureNow Rider Guaranteed Lifetime Withdrawal Benefit.

Midland Retirement Distributors Launches Summit Focus 3. Press release, June 14, 2022.

Summit Focus 3 is a new three-year fixed index annuity. The annuity offers a short-term commitment of only three years. It also offers stable crediting rates and a tax deferral option.

National Western Life and Achaean Financial Holdings Establish Premier Alliance with Plans to Introduce a New Product for Income Solutions. Markets Insider, June 13, 2022.

NWL Income + is a single premium immediate annuity. The annuity features a highly competitive initial annuity payment and an innovative growth component that presents an opportunity for increasing income to help policyholders keep pace with inflation.

LibertyMark Freedom Fixed Indexed Annuities Launch. Business Wire, May 16, 2022.

LibertyMark Freedom is a fixed indexed annuity offering a diverse selection of 14 index options—most uncapped with participation rate. An optional enhanced death benefit rider, Heritage Maximizer, is available for only 0.30% annually.

Transamerica Structured Index Advantage Annuity Offers Investors More Certainty with Upside Growth and Downside Protection. PR Newswire, May 16, 2022.

Transamerica Structured Index Advantage Annuity is a registered index-linked annuity. It is a tax-deferred annuity that enables investors to accumulate potential earnings for the future.

The Standard Launched the Enhanced Choice Index, a Single-premium Deferred Index Annuity that Includes Four Index Interest Crediting Strategies. BusinessWire, April 6, 2022.

Enhanced Choice Index (ECI) is a single-premium deferred index annuity that offers features to optimize growth capabilities. This includes four distinct index interest crediting strategies. It is the first annuity to offer the S&P 500 ESG Daily Risk Control 5% Excess Return Index.