Enhancements Coming to ANICO Strategy Indexed Annuities
We are committed to continuously enhancing our products to better serve you and your clients. We are excited to announce upcoming changes to our ANICO Strategy Indexed Annuity 10 (Strategy Index 10) and ANICO Strategy Indexed Annuity 7 (Strategy Index 7).
After a thorough review, we are revising the crediting strategies for both Strategy Index 7 and Strategy Index 10. These updates aim to ensure that each strategy offers a competitive financial solution for our clients. The changes will involve several adjustments to the strategy options available with each product, including the removal and addition of various strategies.
Strategy Index 10 Updates
- New S&P 500 Cap strategy with a higher cap & maximum allocation percentage of 20%
- New S&P 500 Dynamic Intraday TCA Index with Specified Rate & Threshold (Similar to the “Performance Trigger” strategy on the RCA product)
- New Diversified Blend Allocation Option: a pre-selected allocation feature designed to streamline the selection process by using predetermined values. Clients can either choose this option or use custom allocation options like they use today.
As part of this update, Strategy Index 10 will now include the S&P 500 Dynamic Intraday TCA Index. This cutting-edge index aims to enhance returns by dynamically adjusting its exposure throughout the trading day.
Strategy Index 7 & 10 Updates
- Remove the S&P 500 50% Par
- Remove the S&P 500 Monthly Sum
- Remove the S&P 500 Specified Rate
We believe these changes will offer more robust options for growth and security, helping you to better serve your clients’ financial goals.