Capital Protection and Steady Returns with Reliance Accumulator

Reliance Standard Life Insurance Company recently launched a new fixed index annuity product for individuals looking to protect capital while generating steady returns. The company, which was founded in 1907 and is rated A++ by A.M. Best and A+ by Standard & Poor’s, says their new Reliance Accumulatorbuilds on the success of Reliance Standard’s legacy Keystone Index annuity, which will remain available. 

According to a recent press release, the Reliance Accumulator offers five, seven and ten year options, a fixed interest strategy and five index interest strategies based on two indices from Standard and Poor’s. The product will offer three index interest strategies tied to the S&P 500: Annual Point to Point Capped, Annual Point to Point Participation Rate, and Annual Monthly Average Capped. 

The new annuity will also offer two index strategies tied to the S&P MARC (multi-asset risk control) 5% ER index: Annual Point to Point Participation Rate and Annual Point to Point Spread Strategy. 

“The increase in S&P 500 index volatility over the last few years has been challenging for many of our clients and partners,” said David Whitehead, Senior Vice President of Sales and Marketing for Reliance STandard’s Retirement Services business. “So we decided to prioritize adding a volatility control index to our menu of index interest strategies.”

Whitehead stated that the S&P MARC 5% ER Index met multiple requirements. The new index:

  • Is sponsored by Standard and Poor’s to ensure stability and diversity
  • Uses a volatility control strategy to ensure more predictable hedge costs
  • Offers diversification through exposure to equities (S&P 500), commodities (gold) and fixed income instruments (10 year Treasury)

According to Whitehead, the S&P MARC 5% ER Index met multiple requirements. Among them, the new index:

  • Is sponsored by Standard and Poor’s to ensure stability and diversity
  • Uses a volatility control strategy to ensure more predictable hedge costs
  • Offers diversification through exposure to equities (S&P 500®), commodities (gold) and fixed income instruments (10 year Treasury)

For more information, contact Reliance Standard Retirement Services Sales at annuity.marketing@rsli.com or 800-435-7775. For more on available annuity products and your retirement savings plan, please visit our website at Annuityfyi.com, or contact a registered agent at 1-866-223-2121.

Written by Rachel Summit

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