New indices and optional rider added to help boost growth and
diversification potential
Eagle Life Insurance Company®, a provider of fixed and fixed
index annuities, has announced several enhancements designed to
broaden diversification options and boost growth opportunities on
its fixed index annuity portfolio.
New indices and rider enhance growth, diversification
options
Eagle Life is adding two new index options and a Performance
Rate Rider to the Eagle Select® Focus Series and Eagle Select®
Income Focus fixed index annuities. This is in addition to the
existing index options, which include the S&P 500® Index and
the S&P 500® Dividend Aristocrats® Daily Risk Control 5% Excess
Return Index.
“We specifically added these new indices, along with the
Performance Rate Rider, to enrich our fixed index annuity offering
above and beyond the principal protection and guaranteed lifetime
income the products already provide,” said Eagle Life President
Graham Day.
“The new indices allow Eagle Life to offer global
diversification options, and give clients additional ways to grow
their retirement dollars,” said Day. “And with the new Performance
Rate Rider, clients can have the opportunity to enjoy the benefit
of greater upside potential.”
Franklin Global Trends IndexSM (Ticker: FTGTREND) —
The Power of global diversification
This multi-asset index brings the first global option into the
Eagle Life portfolio. Comprised of both national and global asset
classes, it allows for broad diversification and the opportunity
for clients to boost the growth potential of their Eagle Life fixed
index annuity. By dynamically allocating across 10 global asset
classes — including equities, fixed income and alternatives — the
index provides risk management, with an active approach to
allocation based on market trends and the ability to pivot as
needed due to market volatility.
“We are excited to partner with Eagle Life on introducing the
Franklin Global Trends Index. This index brings essential
diversification elements to clients in that global asset classes
can serve as important drivers of portfolio return and risk
reduction,” said Doug Sue, Vice President and Senior Client
Portfolio Manager at Franklin Templeton Investment Solutions. “We
believe the launch of this index on the Eagle Life annuity platform
is an important representation of Franklin Templeton’s commitment
to this growing space within retirement savings.”
Invesco Dynamic Growth Index (Ticker: IIDGROW) —
Spotlighting the growth advantage
This index focuses on growth and seeks to optimize performance
by dynamically combining U.S. equities and bonds, and matching
allocation strategies to one of four economic cycles — recovery,
expansion, slowdown or contraction. It addresses risk by monitoring
market performance and making intra-day allocation adjustments as
needed.
“We are excited to work together with Eagle Life on a product
that uses systematic factor investing to address the diverse needs
of clients,” said Andrew Waisburd, Head of Invesco Indexing.
“Invesco Indexing is uniquely situated to leverage the expertise of
Invesco’s factor investment teams, which allows us to provide
compelling index solutions for fixed index annuities.”
New optional rider increases growth potential
With the new Performance Rate Rider, clients can help enhance
the growth potential of their Eagle Life fixed index annuity by
taking the option to pay a rider cost and add the rider to any
participation rate index-linked crediting strategy. This optional
rider gives clients the opportunity to increase participation rates
on the annuity’s crediting strategy, which could potentially boost
the amount of interest credited to it. The cost for applying the
PRR to selected crediting strategies will not change for the length
of the annuity’s surrender charge period.
ABOUT EAGLE LIFE INSURANCE COMPANY®
At Eagle Life Insurance Company®, we know retirement isn’t an
ending — it’s a beginning. A time for people to live out the future
they’ve envisioned. That’s why we help them build and achieve their
retirement goals. We offer protection of principal, opportunities
for growth and guaranteed income for life through fixed and fixed
index annuities available through financial institutions and
independent broker-dealers across the country. And we do it all by
nurturing relationships and remaining dedicated to the people we
serve. Eagle Life is a wholly-owned subsidiary of American Equity
Investment Life Insurance Company® (holding company NYSE:AEL). For
more information, visit eagle-lifeco.com and follow us on
LinkedIn.
ABOUT FRANKLIN TEMPLETON
Franklin Resources, Inc. (NYSE:BEN) is a global investment
management organization with subsidiaries operating as Franklin
Templeton and serving clients in over 155 countries. Franklin
Templeton’s mission is to help clients achieve better outcomes
through investment management expertise, wealth management and
technology solutions. Through its specialist investment managers,
the company offers boutique specialization on a global scale,
bringing extensive capabilities in equity, fixed income,
multi-asset solutions and alternatives. With offices in more than
30 countries and approximately 1,300 investment professionals, the
California-based company has 75 years of investment experience and
approximately $1.5 trillion in assets under management as of March
31, 2022. For more information, please visit franklintempleton.com
and follow on LinkedIn, Twitter and Facebook.
ABOUT INVESCO INDEXING, LLC
Invesco Ltd. (NYSE: IVZ) is a global independent investment
management firm dedicated to delivering an investment experience
that helps people get more out of life. Our distinctive investment
teams deliver a comprehensive range of active, passive and
alternative investment capabilities. With offices in more than 20
countries, Invesco managed US $1.6 trillion in assets on behalf of
clients worldwide as of December 31, 2021. For more information,
visit www.invesco.com/corporate.
DISCLOSURES
The Invesco Dynamic Growth Index (the “Index”) is owned by
Invesco Indexing, LLC. References below to “Index” apply to Invesco
Dynamic Growth Index and references below to “Licensor” apply to
Invesco Indexing, LLC.
The Franklin Global Trends IndexSM is owned by Franklin
Advisers, Inc. References below to “Index” apply to Franklin Global
Trends IndexSM and references below to “Licensor” apply to Franklin
Advisers, Inc.
Licensor has licensed the Index to Eagle Life Insurance Company®
to be used as a component of certain fixed index annuity (FIA)
products (the “Products”). The Index may be calculated by a third
party or contain third-party data, and each third-party provider
and Licensor are collectively “Licensor Parties." The Products are
not sponsored, operated, endorsed, sold or promoted by Licensor
Parties. The Index, the proprietary data therein, and related
trademarks, are intellectual property licensed from Licensor, and
may not be copied, used or distributed without Licensor’s prior
written approval. The Products have not been passed on as to their
legality or suitability, and are not regulated, issued, endorsed,
sold, guaranteed or promoted by Licensor Parties. Licensor Parties
make no express or implied warranties, and hereby expressly
disclaims all warranties of merchantability or fitness for a
particular purpose with respect to the Index or any data included
therein. Without limiting any of the foregoing, in no event shall
Licensor Parties have any liability for any special, punitive,
indirect or consequential damages (including lost profits), even if
notified of the possibility of such damages.
The “S&P 500®” is a product of S&P® Dow Jones® Indices
LLC (“SPDJI”), and has been licensed for use by Eagle Life
Insurance Company® (“EL”). Standard & Poor’s® and S&P® are
registered trademarks of Standard & Poor’s® Financial Services
LLC (“S&P®”); Dow Jones is a registered trademark of Dow Jones
Trademark Holdings LLC (“Dow Jones®”). These trademarks have been
licensed to SPDJI and sublicensed for certain purposes by EL. EL’s
products are not sponsored, endorsed, sold or promoted by SPDJI,
Dow Jones®, S&P® or their respective affiliates, and such
parties make no representations regarding the advisability of
investing in such product(s) and have no liability for any errors,
omissions or interruptions of the S&P®.
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version on businesswire.com: https://www.businesswire.com/news/home/20220413005816/en/
Brianne Williams Manager – Marketing Eagle Life Insurance
Company® 515-273-3527 Brianne.williams@eagle-lifeco.com
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