ANNUITY AND LIFE INSURANCE PRODUCT UPDATE
THIRD QUARTER 2013
AUTHOR: JOSE MIGUEL SANTANA
PUBLISHED: OCTOBER 2013

COPYRIGH...
TABLE OF CONTENTS
 Introduction

 Annuity
o Lincoln Financial Group: Deferred Income Solutions
o Allianz Life: Index Adv...
INTRODUCTION

INTRODUCTION

3
BACKGROUND
This presentation highlights new
product releases from the annuity
carriers and life insurers we cover in
our A...
FIRMS COVERED
Below is a list of the firms we track on a daily basis for our Annuity Monitor and
Life Insurance Monitor re...
ANNUITY PRODUCT UPDATE

6
LINCOLN FINANCIAL GROUP
LINCOLN DEFERRED INCOME SOLUTIONS
 The firm’s first ever deferred income annuity offers clients f...
ALLIANZ LIFE
ALLIANZ INDEX ADVANTAGE

 Rolled out in late September, the new variable annuity offers clients
the opportun...
ALLIANZ LIFE
TWO NEW ENHANCED INDEX ALLOCATIONS
 Two new enhanced index allocations were introduced for three of the
firm...
LIFE INSURANCE PRODUCT UPDATE

10
JOHN HANCOCK
PROTECTION SIUL
 Includes competitive survivorship indexed universal life premiums,
three levels of competit...
METLIFE
NEW ENHANCED CARE BENEFIT RIDER (ECBR)


Provides a benefit that allows the policy owner to accelerate up to 90% ...
LINCOLN FINANCIAL GROUP
LINCOLN SVUL (2013)
 This next-generation survivorship variable universal life policy offers
an i...
PACIFIC LIFE
PACIFIC PRIME TERM
 The new term life insurance policy is intended to attract a new
generation of clients wh...
CORPORATE INSIGHT THOUGHT LEADERSHIP
Next-Generation Investing: Financial Startups and the Future of Financial Advice
CI t...
ABOUT CORPORATE INSIGHT
Corporate Insight provides competitive intelligence and user experience research to the nation’s l...
ABOUT THE AUTHOR

Jose Miguel Santana
Research Associate
Annuity Monitor and Life Insurance Monitor
Jose Miguel Santana is...
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Annuity and Life Insurance Product Update - Q3 2013

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Our quarterly Annuity and Life Insurance Product Update reviews new products released by annuity carriers and life insurers over the last quarter. To view past updates, check out the archive.

The slide deck below reviews the new annuity and life insurance products introduced in the third quarter of 2013.

Published in: Economy & Finance, Business
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Annuity and Life Insurance Product Update - Q3 2013

  1. 1. ANNUITY AND LIFE INSURANCE PRODUCT UPDATE THIRD QUARTER 2013 AUTHOR: JOSE MIGUEL SANTANA PUBLISHED: OCTOBER 2013 COPYRIGHT 2013 CORPORATE INSIGHT, INC.
  2. 2. TABLE OF CONTENTS  Introduction  Annuity o Lincoln Financial Group: Deferred Income Solutions o Allianz Life: Index Advantage o Allianz Life: Two New Enhanced Index Allocations  Life Insurance o o o o John Hancock: Protection SIUL MetLife: New Enhanced Care Benefit Rider (ECBR) Lincoln Financial Group: Lincoln SVUL (2013) Pacific Life: Pacific PRIME Term  Corporate Insight Thought Leadership  About Corporate Insight  About the Author 2
  3. 3. INTRODUCTION INTRODUCTION 3
  4. 4. BACKGROUND This presentation highlights new product releases from the annuity carriers and life insurers we cover in our Annuity Monitor and Life Insurance Monitor research services. INTRODUCTION Inside, we review the new products introduced in the third quarter of 2013. 4
  5. 5. FIRMS COVERED Below is a list of the firms we track on a daily basis for our Annuity Monitor and Life Insurance Monitor research services: Annuity Monitor Life Insurance Monitor o Allianz Life o MetLife o AXA Equitable o Nationwide o Aviva o Nationwide o o New York Life o AXA Equitable o New York Life Genworth Financial o o Fidelity o Pacific Life Northwestern Mutual o ING o Prudential o Jackson National o TIAA-CREF o INTRODUCTION o John Hancock o Lincoln Financial o o John Hancock o Liberty Mutual o Pacific Life o Lincoln Financial o Principal Financial Transamerica o MassMutual o Prudential o VALIC o MetLife o USAA o Vanguard MassMutual 5
  6. 6. ANNUITY PRODUCT UPDATE 6
  7. 7. LINCOLN FINANCIAL GROUP LINCOLN DEFERRED INCOME SOLUTIONS  The firm’s first ever deferred income annuity offers clients flexibility on how they receive their income. o Offers flexibility for future guaranteed lifetime income and also provides predictability to a portion of a retirement portfolio. o Allows clients to select when they begin receiving income payments following a specified deferral period. ANNUITIES o Provides replacement income if retirement needs or circumstances change and offers death benefit protection during the deferral and income phases. 7
  8. 8. ALLIANZ LIFE ALLIANZ INDEX ADVANTAGE  Rolled out in late September, the new variable annuity offers clients the opportunity to capture growth based on the performance of the S&P 500, the Russell 2000 or the Nasdaq 100. ANNUITIES  Includes a death benefit, three variable options and two innovative index strategies, both of which protect against negative index performance and limit how much investors can receive based on index performance. Allianz Life Public Website Promotional Image 8
  9. 9. ALLIANZ LIFE TWO NEW ENHANCED INDEX ALLOCATIONS  Two new enhanced index allocations were introduced for three of the firm’s pre-existing fixed indexed annuities – Allianz 222, Allianz 360 and Allianz 365 – in early September. o Offered solely through the Allianz Preferred portfolio, the new index allocations include the Barclays US Dynamic Balance Index and the Russell 2000 Index. The Barclays US Dynamic Balance Index offers an uncapped strategy with an annual spread and is geared towards clients responding to the low-cap environment.  Clients looking to diversify their accumulation strategy would be more interested in the Russell 2000 Index, which seeks to measure the performance of small-cap companies and includes a monthly sum with caps and an annual point-to-point with caps. ANNUITIES  9
  10. 10. LIFE INSURANCE PRODUCT UPDATE 10
  11. 11. JOHN HANCOCK PROTECTION SIUL  Includes competitive survivorship indexed universal life premiums, three levels of competitive premium allocation options, a simple annual point-to-point crediting method and three levels of guaranteed protection: o No-Lapse Guarantee o 0% floor o A 2% cumulative interest rate guarantee LIFE INSURANCE  Also offers affordable death benefit protection for past and future assets. 11
  12. 12. METLIFE NEW ENHANCED CARE BENEFIT RIDER (ECBR)  Provides a benefit that allows the policy owner to accelerate up to 90% of the death benefit, which can be used to help pay for ongoing care if the insured develops a prolonged illness.  Added to portfolio of MetLife’s Whole Life products: o MetLife Promise Whole Life o MetLife Promise Whole Life 120 o MetLife Promise Whole Life Select 10 o MetLife Promise Whole Life Select 20 LIFE INSURANCE o MetLife Promise Whole Life Select 65 MetLife Advisor Site Image 12
  13. 13. LINCOLN FINANCIAL GROUP LINCOLN SVUL (2013)  This next-generation survivorship variable universal life policy offers an income tax-free guaranteed death benefit, the potential to enhance benefits with 70 diverse investment options from the Lincoln Elite Series of Funds and a new competitive pricing structure. LIFE INSURANCE  Offers single- to short-term premium payment scenarios in three years or less as well as a new optional Estate Protection Rider providing an additional insurance benefit for estate preservation – at an additional cost. 13
  14. 14. PACIFIC LIFE PACIFIC PRIME TERM  The new term life insurance policy is intended to attract a new generation of clients who want a faster, easier way to protect their families and businesses.  Key Features of the policy include a conversion credit of one year allowing policy owners to convert their policy to another cash value life insurance product offered by the firm, and two optional benefits for disability or terminal illness.  Available in 10, 15, 20 and 30-year level premium periods. LIFE INSURANCE  Via the firm’s EZApply tool, clients and advisors are able to streamline and expedite the application and underwriting process. 14
  15. 15. CORPORATE INSIGHT THOUGHT LEADERSHIP Next-Generation Investing: Financial Startups and the Future of Financial Advice CI tracks over 100 startups that covers a wide range of new ideas across financial advice and investing. This study will focus on each idea, analyze compares them to what established financial institutions offer and examine the potential impact on the industry. Download the study preview! Social Media Trends: Annuity and Life Insurance This presentation analyzes the current social media initiatives and promotions undertaken by leading insurers, highlights key social media findings and trends across the insurance industry, and offer tips for insurers looking to bolster their social presence. Tablet-Friendly Web Design: Best Practices for Financial Services The study examines the tablet-friendly website features provided by four leading firms across financial services and provides recommendations for financial services firms building tabletoptimized websites. Facebook Marketing Campaigns - Social Media Initiatives in the Insurance Industry This slide deck highlights some of the engaging Facebook marketing campaigns initiated by P&C Insurance Monitor firms this year and offers a few Facebook marketing tips for insurers. 2013 Mobile Finance Trends and Innovations This slide deck includes commentary on mobile developments, key takeaways for financial services firms and thoughts on what’s next for mobile finance. 15
  16. 16. ABOUT CORPORATE INSIGHT Corporate Insight provides competitive intelligence and user experience research to the nation’s leading financial institutions. For over 20 years, the firm has tracked technological developments in the financial services industry, identifying best practices in online banking and investing, online insurance, mobile finance, active trading platforms, social media and other emerging areas. There are no assumptions in Corporate Insight’s work – we use live accounts at all of the firms we research, providing our clients with unparalleled, unbiased intelligence on the competition. Media Inquiries Corporate Insight welcomes the opportunity to speak with the media. If you are interested in citing our research or would like to schedule an interview with one of our analysts, please contact Intermarket Communications at 212-888-6115 or corporateinsight@intermarket.com. Connect With Us JOSE MIGUEL SANTANA BEN POUSTY Research Associate Annuity Monitor & Life Insurance Marketing Manager 212-832-2002 x-144 jsantana@corporateinsight.com 212-832-2002 x-134 bpousty@corporateinsight.com 16
  17. 17. ABOUT THE AUTHOR Jose Miguel Santana Research Associate Annuity Monitor and Life Insurance Monitor Jose Miguel Santana is a Research Associate for Corporate Insight’s Annuity Monitor and Life Insurance Monitor research services. He has conducted extensive research on the annuities and life insurance industries, examining the online platforms, customer service capabilities and technological innovations offered to prospective investors, clients and financial professionals. ABOUT THE AUTHOR Jose graduated from James Madison University in 2010 and has been a member of the Corporate Insight team since December of 2012. CONTACT JOSE: T: 212-832-2002 x-144 E: jsantana@corporateinsight.com Annuity Monitor, Life Insurance Monitor and P&C Monitor are service marks of Corporate Insight, Inc.; all rights reserved. 17
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