SCOTTSDALE, Ariz.,, April 30,
2024 /PRNewswire/ -- North American Company for Life
and Health Insurance® (North American), a member company
of Sammons® Financial Group and one of the largest
issuers of fixed index annuities (FIAs) in the U.S.,1 is
once again expanding its partnership with Annexus, a leading
independent insurance retirement product design and distribution
company. Today the two companies announce the addition of a new
FIA, Secure Horizon[SM] Accelerator, to the Secure
Horizon Suite of FIAs.
We are proud to continue working with
Annexus, building on the success of North American Secure Horizon
suite of FIAs.
Secure Horizon Accelerator features an immediate premium bonus
of up to 13% for no additional charge to help clients jump-start
their savings.2 It also features the Secure Horizon
exclusive Performance Strategy Ladder crediting method which offers
a powerful accumulation opportunity. Benefits include higher
participation rates associated with longer crediting strategies and
the opportunity to credit interest annually with 20% of the premium
at the end of each term.
"We strategically focus on developing solutions to help advisors
better meet the needs of their clients in retirement," says
Ron Shurts, co-founder and CEO of
Annexus. "In the bonus accumulation focused FIA market, Secure
Horizon Accelerator has one of the strongest combinations of a
premium bonus without a charge and high participation rates through
the Performance Strategy Ladder."
"We are proud to continue working with Annexus, building on the
success of North American Secure Horizon suite of FIAs," says
Rob TeKolste, president, Sammons
Independent Annuity Group. "Secure Horizon Accelerator is yet
another innovative solution for financial professionals to help
clients plan for a more secure retirement."
The North American Secure Horizon suite of FIAs also includes
the North American Secure Horizon, North American Secure Horizon
Plus and North American Secure Horizon Choice fixed index
annuities.
Financial Advisors, Registered Investment Advisors (RIAs), and
insurance professionals seeking access to this product should
contact their Annexus-affiliated Independent Distribution Company.
If you are a consumer interested in learning about Secure Horizon
Accelerator or the Secure Horizon suite of FIAs, ask your financial
professional for more information.
About Annexus
Annexus designs solutions to help Americans grow and protect
their retirement savings. For over a decade, Annexus has developed
market-leading fixed indexed annuities and indexed universal life
insurance products. Annexus has forged relationships with many of
the industry's leading insurance carriers and the world's largest
investment banks. Find out more about Annexus and its products.
About North American Company for Life and Health
Insurance
North American Company for Life and Health Insurance®
is a member of Sammons® Financial Group, Inc. They offer
a comprehensive portfolio of term, universal life, and indexed
universal life insurance products, as well as a wide variety of
traditional fixed and fixed index annuities. Learn more about North
American.
1 Wink's Sales & Market Report and LIMRA/Secure
Retirement Institute.
2 Premium bonus may vary by annuity product,
premium band, issue state, and surrender charge period selected and
may be subject to a premium bonus recapture. Products that have
premium bonuses may offer lower credited interest rates, lower
index cap rates, lower participation rates and/or greater index
margins than products that don't offer a premium bonus. Over time
and under certain scenarios the amount of the premium bonus may be
offset by the lower credited interest rates, lower index cap rates,
lower participation rates and/or greater index margins.
The North American Secure Horizon[SM], Secure
Horizon[SM] Plus, and Secure Horizon[SM]
Accelerator are issued on form NA1015A/ICC21-NA1015A (Contract),
AE651A/ICC21-AE651A (Secure Horizon/Secure Horizon Accelerator
only), AE652A/ICC21-AE652A, AE653A/ICC21-AE653A (Secure
Horizon/Secure Horizon Accelerator only), AE654A/ICC21-AE654A,
AE655A/ICC21-AE655A, AE682A/ICC23-AE682A (Secure Horizon
Accelerator only), AE642A/ICC20-AE642A, AE638A/ICC21-AE638A,
AE639A/ICC21-AE639A, AE656A (Secure Horizon Plus only), AE658A
(Secure Horizon Plus only), AE659A (Secure Horizon Plus only),
AE660A04 (Secure Horizon Plus only), (riders/endorsements) or
appropriate state variation. These products, features, and riders
may not be available in all states.
Fixed index annuities are not a direct investment in the stock
market. They are long-term insurance products with guarantees
backed by the issuing company. They provide the potential for
interest to be credited based in part on the performance of
specific indices, without the risk of loss of premium due to market
downturns or fluctuation. Although fixed index annuities guarantee
no loss of premium due to market downturns, deductions from the
accumulation value for optional benefit riders or strategy fees or
charges associated with allocations to enhanced crediting methods
could exceed interest credited to the accumulation value, which
would result in loss of premium. They may not be appropriate for
all clients. Interest credits to a fixed index annuity will not
mirror the actual performance of the relevant index.
Sammons Financial® is the marketing name for
Sammons® Financial Group, Inc.'s member companies,
including North American Company for Life and Health
Insurance®. Annuities and life insurance are issued by,
and product guarantees are solely the responsibility of, North
American Company for Life and Health Insurance®.
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SOURCE Annexus