One of the largest issuers of fixed index annuities (FIAs) in the United States, North American Company for Life and Health Insurance, has teamed up with Annexus to release two new innovative retirement solutions. According to a recent press release, North American Secure Horizon is a “highly competitive accumulation FIA in today’s low-interest environment,” while the other, North American Secure Horizon Plus has been designed “to help clients address four of the major risks they can face in retirement.”
The new suite of FIAs features index account options that include the BlackRock ESG US 5% Index ER, the Loomis Sayles Managed Futures Index, and the S&P 500 Low Volatility 5% ER Index. Additionally, an innovative “first-to-market Performance Strategy Ladder” is also featured, designed to provide greater growth opportunity.
“Annexus approached us with an FIA design that offers a unique and highly competitive accumulation opportunity for clients. The suite offers a first-of-its-kind rider that provides a benefit if one of four common life events is triggered. Those four events include death, impaired health, potential cuts to Social Security benefits, or simply outliving your money,” stated Rob TeKolste, president, Sammons Independent Annuity Group. “Most products in market today only address one of these four risks. We believe the Secure Horizon suite of FIAs is very attractive to financial professionals and their clients.”
“The Social Security ADministration projected that by 2033, the payroll taxes collected will be enough to pay only about 76% of scheduled benefits,” said Don Dady, Annexus Co-founder. “We believe there is a critical planning opportunity for financial professionals without a viable solution in the market, so we created one. We partnered with North American and PlanGap to bring a first-of-its-kind benefit to help address the risk of a future cut in Social Security benefits.”
For more information about this, and other available annuity products, visit our website, www.annuityfyi.com, email us at email@example.com, or call 1-866-223-2121 to talk with a registered agent.
Written by Rachel Summit