North American Firm for Life and Well being Insurance coverage, a member firm of Sammons Monetary Group and one of many largest issuers of mounted index annuities (FIAs) within the U.S.,1 has as soon as once more joined forces with Annexus, a premier impartial designer of FIAs.
The brand new North American Safe HorizonSM Selection (Safe Horizon Selection) mounted index annuity provides shorter 5- and 7- 12 months phrases and is designed to assist purchasers attain their monetary objectives by providing progress and safety for his or her retirement financial savings.
“Safe Horizon Selection is the subsequent evolution in FIA design.” – Ron Shurts, Annexus Co-Founder and CEO
Along with an automated and industry-first Efficiency Technique Ladder created to offer enhanced progress alternatives, Safe Horizon Selection additionally provides an non-compulsory 4-in-1 Retirement Advantages Rider.2 Accessible for a further price, the 4-in-1 Retirement Advantages Rider helps handle the first dangers purchasers might face in retirement–demise, well being impairment, longevity, and the potential discount in advantages that the Social Safety Administration tasks might happen beginning in 2034.3
“We’re proud to proceed working with Annexus, constructing on the success of North American Safe HorizonSM and North American Safe HorizonSM Plus FIAs,” stated Rob TeKolste, president, Sammons Unbiased Annuity Group. “Safe Horizon Selection is yet one more progressive resolution for monetary professionals to increase their companies and higher meet purchasers’ wants. Along with serving to purchasers develop and defend their financial savings, the non-compulsory 4-in-1 Retirement Advantages Rider obtainable with Safe Horizon Selection permits them to arrange for the 4 widespread dangers that will derail retirement plans.”
“Annexus strives to offer our distribution companions with probably the most progressive options in the marketplace,” stated Ron Shurts, Annexus Co-founder. “Safe Horizon Selection is exactly that— the subsequent evolution in FIA design, offering a aggressive progress alternative that enhances the Annexus portfolio of top-tier merchandise. One of the vital distinctive issues about this new FIA suite is the choice to elect the Retirement Advantages Rider which features a groundbreaking Social Safety reduction-triggered profit and a two-of-six actions of day by day residing profit. We’re excited to increase our partnership with North American and PlanGap to convey this product to market nationally.”
Advisors, Registered Funding Advisors (RIAs), and insurance coverage professionals looking for entry to this product ought to contact their Annexus-affiliated Unbiased Distribution Firm. If you’re a client thinking about studying about Safe Horizon Selection, ask your monetary skilled for extra info.
About North American Firm for Life and Well being Insurance coverage
North American Firm for Life and Well being Insurance coverage® is a member of Sammons® Monetary Group, Inc. Since 1886, North American has established a convention of offering high quality insurance coverage merchandise to shoppers all through the U.S. We provide a complete portfolio of time period, common life, and listed common life insurance coverage merchandise. North American additionally provides all kinds of conventional mounted and stuck index annuities and constantly ranks among the many high mounted index annuity carriers within the U.S. For extra info, please go to right here.
1Supply: 3rd Quarter 2022 Wink’s Gross sales & Market and LIMRA/Safe Retirement Institute reviews.
2The Retirement Advantages Rider has a further price that’s charged as a share of the Accumulation Worth on every Contract anniversary.
3Supply: The 2022 Annual Report of the Board of Trustees of the Federal Outdated-Age and Survivors Insurance coverage and Federal Incapacity Insurance coverage Belief Funds.
About Annexus
Annexus designs options to assist Individuals develop and defend their retirement financial savings. For over a decade, Annexus has developed market-leading mounted index annuities and listed common life insurance coverage merchandise. Annexus has cast relationships with most of the {industry}’s main insurance coverage carriers and the world’s largest funding banks. Discover out extra about Annexus and its merchandise at www.annexus.com.
About PlanGap
Headquartered in Atlanta and based in 2017, PlanGap is a product innovation firm creating a collection of “trigger-based” annuity and life insurance coverage merchandise–retirement insurance coverage–that resolve beforehand unaddressed monetary considerations for retirees. PlanGap, by way of its insurance coverage service and distribution companions, empowers individuals to guard themselves towards disruptions to their retirement earnings, offering options for these fearful that establishments have made retirement guarantees they can not, or won’t, preserve. Go to plangap.com for extra info.
