What You Need to Know
- American Life is the firm that introduced the risk-sharing take care of an American Enterprise Group subsidiary final summer time.
- Great American, which is now a part of MassMutual, has launched a fee-based fastened annuity.
- Security Benefit has added two comparatively new managers to the menus of two variable annuity merchandise.
American Life & Security Corp. is working to get consideration in the annuity market by courting socially acutely aware buyers.
The Lincoln, Nebraska-based Midwest Holding subsidiary has added the S&P 500 ESG index to the menus for its American Select fastened listed annuity merchandise.
Managers of the S&P indexes launched the index, which incorporates S&P 500 corporations that meet the managers’ environmental, social and governance requirements, in 2019.
The American Life annuities are the first nonvariable listed annuities that supply the S&P 500 ESG Index on the funding index menu, in keeping with American Life.
What Your Peers Are Reading
American Life has additionally added the Goldman Sachs Xenith Index to the menus for non-variable listed annuities. The index makes use of an financial indicator reflecting future financial energy, and allocations between gold and copper, to attempt to modify asset allocations to replicate concepts about how the financial system would possibly carry out in the future.
Midwest Holding is attempting to show American Life right into a a lot greater participant. It introduced a deal in July 2021 to share as much as $100 million of the threat related to writing multi-year assured annuities and stuck revenue annuities with American Republic. American Republic is a part of American Enterprise Group.
Great American and Security Benefit are two different corporations with annuity product information.
Great American
Great American Life Insurance — a Cincinnati-based insurer that’s now a subsidiary of Massachusetts Mutual Life Insurance — has launched a fee-based fastened annuity geared toward RIAs.