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Ameritas Launches First Annuity Connected to New S&P Index

A new indexed annuity from Ameritas Life Insurance Corp. was recently launched, tracking four indices including the new uncapped S&P 500 Sector Rotator Daily RC2 5% Index. According to a recent article from InsuranceNewsNet, Ameritas Accumulation 7 Index Annuity (Accumulation 7 IA) was released last month to help consumers meet their asset accumulation goals.

“The new S&P 500 index was launched on October 19, 2018 and is designed to measure an uptrend in the sectors that provide the best value and momentum, while reducing the risk of losses in other sectors,” said Ron Kuehn, Ameritas 2nd VP & Associate Actuary – Product Management. “Ameritas is pleased to introduce the first annuity on the market connected to this new index,” he added.

Accumulation 7 IA features the following:

  • Four index choices, including the new S&P 500 Sector Rotator Daily RC2 5% Index
  • Nine index strategy options
  • Competitive index strategy options
  • Competitive rate banding based on account value.
  • Surrender charge options
  • Enhanced death benefit riders
  • Waiver of surrender charges for confinement, terminal illness and home health care

Ameritas, which was founded in 1887, offers a wide range of insurance and financial products and services to individuals, families and businesses, including life insurance, annuities, disability insurance, retirement plans, investments and asset management. In approved states, Ameritas Accumulation 7 Index Annuity and riders are issued by Ameritas Life Insurance Corp. Optional riders may have limitations, restrictions and additional charges. Guarantees are based on the claims-paying ability of Ameritas Life Insurance Corp.

Ameritas Accumulation 7 Index Annuity is a flexible premium deferred annuity offering a fixed interest option and index interest options. For more information about this and other annuity products, contact Annuity FYI at 1-866-223-2121 or email us at support@annuityfyi.com.

Written by Rachel Summit

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