Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Annuity and life insurance product update q1 2019

198 views

Published on

In this free slide deck, we examine new product releases from annuity carriers and life insurers covered in Corporate Insight’s Annuity Monitor and Life Insurance Monitor research services. These include new releases from Lincoln Financial, Nationwide and Prudential. We provide a rundown of all new products released in the first quarter of 2019 and highlight their key features. 

Published in: Business
  • DOWNLOAD THIS BOOKS INTO AVAILABLE FORMAT (Unlimited) ......................................................................................................................... ......................................................................................................................... Download Full PDF EBOOK here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... Download Full EPUB Ebook here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... ACCESS WEBSITE for All Ebooks ......................................................................................................................... Download Full PDF EBOOK here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... Download EPUB Ebook here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... Download doc Ebook here { https://tinyurl.com/yyxo9sk7 } ......................................................................................................................... ......................................................................................................................... ......................................................................................................................... .............. Browse by Genre Available eBooks ......................................................................................................................... Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult,
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Be the first to like this

Annuity and life insurance product update q1 2019

  1. 1. Annuity and Life Insurance Product Update First Quarter 2019 Patrick Flood
  2. 2. Table of Contents ▪ Introduction ▪ Annuities: Product Releases - Lincoln IRA Income Plus - Nationwide High Point 365 - Pacific Life Next Deferred Income Annuity ▪ Life Insurance: Product Releases - AXA IUL Protect - Brighthouse SmartCare - Lincoln Care Coverage and WealthAccumulate IUL (2019) - Nationwide Long-Term Care Rider II - Pacific Life Promise GUL, Discovery Xelerator IUL 2, Indexed Accumulator 6 and Enhanced Performance Factor Rider - Prudential PruLife Survivorship IUL ▪ About
  3. 3. Introduction
  4. 4. Background ▪ This slide deck examines new product releases from annuity carriers and life insurers covered in Corporate Insight’s Annuity Monitor and Life Insurance Monitor research services ▪ We provide a rundown of new products introduced on coverage group firms’ websites in the first quarter of 2019 and highlight their key features
  5. 5. Firms Covered ▪ Below is a list of the firms we track for our Annuity Monitor and Life Insurance Monitor research services: Annuity Monitor Life Insurance Monitor • Allianz Life • Athene • AXA • Brighthouse Financial • Fidelity • Guardian Life • Jackson National • Lincoln Financial • MassMutual • Nationwide • New York Life • Pacific Life • Principal • Prudential • TIAA • Transamerica • USAA • Vanguard • AXA • Brighthouse Financial • Haven Life • John Hancock • Lincoln Financial • MassMutual • Nationwide • New York Life • Northwestern Mutual • Pacific Life • Principal • Prudential • State Farm • USAA
  6. 6. Annuities: Product Releases
  7. 7. Lincoln IRA Income Plus ▪ New living benefit rider introduced in February ▪ Is available with the firm’s variable annuities for an extra charge ▪ Offers 6% growth ▪ Is promoted as a solution for income early in retirement, helping savers reluctant to withdraw from IRAs before they begin taking RMDs
  8. 8. Nationwide High Point 365 ▪ New guaranteed income rider announced in March ▪ Is available with Nationwide New Heights fixed indexed annuities ▪ Locks in daily high points of accumulation strategy ▪ Was created in partnership with independent fixed indexed annuity designer Annexus
  9. 9. Pacific Life Next Deferred Income Annuity ▪ Deferred income annuity introduced in February ▪ Is part of Pacific Life’s new Next division, focused on digital- oriented customers ▪ Offers a safety net for retirement and a complement to 401(k) and IRA plans ▪ Is available through Blueprint Income
  10. 10. Life Insurance: Product Releases
  11. 11. AXA IUL Protect ▪ January update to the existing indexed universal life Protect product ▪ Is promoted as more competitive in level-, short- and single-pay scenarios ▪ Allows both the Cash Value Plus Rider and Long-Term Care Services Rider on a single policy
  12. 12. Brighthouse SmartCare ▪ New hybrid indexed universal life and long-term care product introduced in February ▪ Is the first life insurance product Brighthouse has released since becoming an independent company ▪ Allows customization of policy value, length of long-term benefit period and number of premium payments
  13. 13. Lincoln Care Coverage ▪ New accelerated benefits rider introduced in February ▪ Pays a portion of the death benefit for long-term care costs ▪ Includes access to the Lincoln Concierge Care Coordination program, which helps policy holders arrange long-term care services
  14. 14. Lincoln WealthAccumulate IUL (2019) ▪ February update to the existing indexed universal life product ▪ Features an additional indexed account option and a return of premium option ▪ Is promoted as building cash value to use throughout life or to supplement retirement income
  15. 15. Nationwide Long-Term Care Rider II ▪ January update to the existing long-term care rider ▪ Offers tax-free income after qualifying requirements are met ▪ Provides a death benefit should the account owner never require long-term care
  16. 16. Pacific Life PL Promise GUL ▪ New no-lapse guarantee universal life product introduced in January ▪ Features a $25,000 minimum face amount with guaranteed a death benefit protection ▪ Offers fluidless underwriting for clients age 50-69 for up to $1 million in coverage
  17. 17. Pacific Life Discovery Xelerator IUL 2 ▪ February update of the Discovery Xelerator indexed universal life product ▪ Is aimed at high-income clients seeking death benefit protection and retirement income potential ▪ Offers protection against early death and outliving retirement savings
  18. 18. Pacific Life Indexed Accumulator 6 ▪ February update of the Accumulator 5 indexed universal life product ▪ Provides higher cash surrender values in early years ▪ Promotes cash value as a business asset, reducing the financial impact of providing life insurance in a split-dollar arrangement
  19. 19. Pacific Life Enhanced Performance Factor ▪ New rider introduced in February ▪ Is available with the Pacific Discovery Xelerator IUL 2 and Pacific Indexed Accumulator 6 ▪ Allows clients to decide whether to pay higher charges for higher performance factors
  20. 20. Prudential PruLife Survivorship IUL ▪ Updated version of the existing PruLife Survivorship indexed universal life product ▪ Offers the Survivorship BenefitAccess Rider, which offers full death benefits should the surviving insured, or both insured simultaneously, become chronically or terminally ill ▪ Provides new index options
  21. 21. About
  22. 22. Annuity Monitor and Life Insurance Monitor ▪ Annuity Monitor (AM) and Life Insurance Monitor (LIM) focus on the online user experiences that leading firms provide prospects, clients and advisors ▪ Using actual accounts, AM and LIM give a firsthand look at current online capabilities, including client account information, transactions, tools, customer service and educational resources ▪ AM and LIM follow the products and services offered by competitors across the industries, providing an up-close view of what firms are doing to attract new clients
  23. 23. Contact Us Patrick Flood Senior Research Associate (646) 876-7535 pflood@corporateinsight.com

×