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Annuity and Life Insurance Product Update - Q1 2017

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This slide deck examines new product releases from annuity carriers and life insurers covered in our Annuity Monitor and Life Insurance Monitor research services. Inside, we provide a rundown of the new products introduced on the firms’ websites in the first quarter of 2017 and highlight their key features.

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Annuity and Life Insurance Product Update - Q1 2017

  1. 1. AUTHOR: MEGAN RAFFERTY COPYRIGHT 2017 CORPORATE INSIGHT, INC. Annuity and Life Insurance Product Update First Quarter 2017 PUBLISHED: APRIL 2017
  2. 2. TABLE OF CONTENTS  Introduction  Annuities o Athene MaxRate o Athene Ascent Accumulator o Lincoln ChoicePlus Advisory o Lincoln American Legacy Advisory o Lincoln Investor Advantage Advisory o Transamerica I-Share o Voya Journey Index o Jackson Elite Access Advisory o Allianz Retirement Foundation ADV o Lincoln Core Income  Life Insurance o Lincoln LifeElements Level Term (2017) o John Hancock Unemployment Protection Rider o Pacific Discovery Xelerator  About the Author
  3. 3. INTRODUCTION
  4. 4. INTRODUCTION BACKGROUND This slide deck examines new product releases from annuity carriers and life insurers covered in our Annuity Monitor and Life Insurance Monitor research services. Inside, we provide a rundown of the new products introduced on the firms’ websites in the first quarter of 2017 and highlight their key features.
  5. 5. 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 Athene o AXA o Brighthouse Financial o Fidelity o Guardian Life o Jackson National o Lincoln Financial o MassMutual o Nationwide o New York Life o Pacific Life o Principal o Prudential o TIAA o Transamerica o USAA o Vanguard o Voya o AXA o Brighthouse Financial o Haven Life o John Hancock o Liberty Mutual o Lincoln Financial o MassMutual o Nationwide o New York Life o Northwestern Mutual o Pacific Life o Principal o Prudential o State Farm o USAA INTRODUCTION FIRMS COVERED
  6. 6. ANNUITIES: PRODUCT RELEASES
  7. 7. ATHENE MAXRATEANNUITIES  Athene MaxRate fixed deferred annuity launched in January  Product offers a fixed interest rate for three-, five- and seven-year terms  Withdrawal periods match interest rate terms  Terminal Illness and Confinement waivers are included
  8. 8. ATHENE ASCENT ACCUMULATORANNUITIES  Athene Ascent Accumulator fixed indexed annuity was reintroduced in January  Product was discontinued in 2014  Terminal Illness and Confinement waivers are included  Optional Legacy death benefit rider provides 8% simple interest for beneficiaries
  9. 9. LINCOLN CHOICEPLUS ADVISORYANNUITIES  ChoicePlus Advisory fee-based variable annuity was released in January  Product joins the Lincoln ChoicePlus suite  Product offers six living benefit riders: i4LIFE Advantage, i4LIFE Advantage Select GIB, i4LIFE Advantage GIB, 4LATER Select Advantage, Lincoln Lifetime Income Advantage 2.0 and Lincoln Market Select Advantage
  10. 10. AMERICAN LEGACY ADVISORYANNUITIES  American Legacy Advisory fee-based variable annuity was introduced in January  Product joins the American Legacy suite  Product offers five riders: i4LIFE Advantage Select GIB, i4LIFE Advantage GIB (Managed Risk), 4LATER Select Advantage, Lincoln Lifetime Income Advantage 2.0 and Lincoln Market Select Advantage
  11. 11. LINCOLN INVESTOR ADVANTAGE ADVISORYANNUITIES  Investor Advantage Advisory fee-based variable annuity launched in January  Product joins the Lincoln Investor Advantage suite  Product offers investment transfers without charges
  12. 12. TRANSAMERICA VARIABLE ANNUITY I-SHAREANNUITIES  Transamerica released the I-Share fee-based variable annuity in January  Product is available through broker-dealer managed platforms  Product offers six optional riders: Retirement Income Choice 1.6, Transamerica Income Edge, Retirement Income Max, Guaranteed Principal Solution, Additional Death Distribution and Additional Death Distribution+
  13. 13. VOYA JOURNEY INDEXANNUITIES  Voya introduced the Journey Index single premium fixed indexed annuity in January  Product features two stages of interest credit: annual performance interest credit followed by indexed interest credit  Nursing Home/Terminal Illness Waiver is included
  14. 14. ELITE ACCESS ADVISORYANNUITIES  Jackson National announced the fee-based Elite Access Advisory variable annuity in January  Product offers three-year withdrawal charge schedule  Product includes the same investment and rider options as the Elite Access annuity
  15. 15. RETIREMENT FOUNDATION ADVANNUITIES  Allianz launched Retirement Foundation ADV fixed indexed annuity in February  Fee-based product is available with the Income Benefit rider  Product includes a seven-year withdrawal charge period
  16. 16. LINCOLN CORE INCOMEANNUITIES  Lincoln released the Core Income fee-based variable annuity in February  All investment options are exchange-traded funds  Product was developed in partnership with BlackRock  Guarantee of Principal and Core Income benefits are included  Product can only be sold by Registered Investment Advisors
  17. 17. LIFE INSURANCE: PRODUCT RELEASES
  18. 18. LINCOLN LIFEELEMENTS LEVEL TERM (2017)  In January, Lincoln Financial Group released the LifeElements Level Term (2017) product  Product is nearly identical to the 2014 iteration  Product replaces the 2001 Commissioners Standard Ordinary (CSO) mortality bases with the 2017 CSO mortality basis LIFEINSURANCE
  19. 19. UNEMPLOYMENT PROTECTION RIDER  John Hancock launched the Unemployment Protection Rider in February  Rider waives 12 months of premiums if clients provide proof of unemployment benefits  Rider is available with John Hancock Term and John Hancock Term with Vitality policies LIFEINSURANCE
  20. 20. PACIFIC DISCOVERY XELERATOR  Pacific Life released the Pacific Discovery Xelerator indexed universal life policy in February  Product is designed to offer cash value accumulation after 15 years  Firm expects affluent clients to facilitate growth by paying high premiums during early years LIFEINSURANCE
  21. 21. ABOUT THE AUTHORABOUTTHEAUTHOR Megan Rafferty Research Associate Annuity Monitor and Life Insurance Monitor Megan Rafferty is a Research Associate for Corporate Insight’s Annuity Monitor and Life Insurance Monitor services. She has conducted extensive research on the annuity and life insurance industries, examining the online capabilities, educational resources and technological tools offered to prospects, clients and financial professionals. This quarterly study is the result of Megan’s ongoing research into product releases from leading annuity and life insurance providers. Contact Megan Rafferty: (646) 751-6974 mrafferty@corporateinsight.com Connect with Megan Connect with CI Annuity Monitor and Life Insurance Monitor are service marks of Corporate Insight, Inc.; all rights reserved.
  22. 22. ABOUT CORPORATE INSIGHT Connect With Us Corporate Insight provides competitive intelligence and user experience research to the nation’s leading financial institutions. For more than 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. MEGAN RAFFERTY Research Associate (646) 751-6974 mrafferty@corporateinsight.com MEDIA INQUIRIES Jenna Lesnoy, Associate Marketing Manager (646) 432-5484 pr@corporateinsight.com Press Coverage

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