W&S Financial Group Distributors, Inc., wholesale distributor of annuities and life insurance from member companies of Western & Southern Financial Group, has introduced new allocation options and enhanced guaranteed minimum account values for the Indextra fixed indexed annuity from Integrity Life Insurance Company.
Effective immediately, Indextra will provide:
- New allocation options tied to the S&P 500 IQ 0.5% Decrement Index (S&P 500 IQ Index). The S&P 500 IQ Index seeks to provide long-term performance similar to the S&P 500 with a more stable volatility experience. These additions expand the product's allocation menu with two new crediting strategies designed to provide greater flexibility in addressing client objectives and time horizons.
- 1-Year Point-to-Point adjusted by an interest rate cap
- 2-Year Point-to-Point adjusted by a participation rate
2. Enhanced Guaranteed Minimum Account Value (GMAV) percentages for new issue contracts across all withdrawal charge periods, strengthening the contract's guaranteed value and providing greater long-term protection for clients.
- GMAV percentages for 5-, 7- and 10-year contracts increased to 110%, 114% and 120%, respectively.
"Retirement planning is about balancing opportunity with protection," said Mark Caner, president of W&S Financial Group Distributors, Inc. "These updates strengthen both sides of that equation by providing additional index allocation choices from a leading index provider, alongside enhanced contract guarantees, giving financial professionals more flexibility in addressing a wider range of client needs."
About Indextra
Product is issued by Integrity Life Insurance Company (Integrity Life), Cincinnati, OH operating in DC and all states except NY. W&S Financial Group Distributors, Inc. (doing business in CA as W&S Financial Insurance Services) is an affiliated life insurance agency of the issuer. Issuer has sole financial responsibility for its products. Both companies are members of Western & Southern Financial Group, Inc. Indextra is not a security. It does not participate in the stock market or any index. It is an insurance contract designed to help you address your long-term retirement income needs. Single Premium Deferred Annuity Contract with Indexed Interest Options series ICC14 ENT-03 1406, Allocation Options Endorsement series ICC14 EE.23 SI-MY-PTP 1406 and ICC14 EE.23 SI-PTP 1406. Some product features may be subject to firm approval and availability.
The S&P 500® IQ 0.5% Decrement Index is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed for use by Integrity Life Insurance Company (Integrity Life). S&P®, S&P 500®, SPX®, SPY®, US 500™, The 500™, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Integrity Life. Indextra®] is not sponsored or sold by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500® IQ 0.5% Decrement Index.
Payment of benefits under the annuity contract is the obligation of, and is guaranteed by, the insurance company issuing the annuity. Guarantees are based on the claims-paying ability of the insurer. Products are backed by the full financial strength of Integrity Life. For more information, visit westernsouthern.com.
Indextra® is not a security. It does not participate in the stock market or any index. It is an insurance contract designed to help you address your long-term retirement income needs.
No bank guarantee. Not a deposit. May lose value. Not FDIC/NCUA insured. Not insured by any federal government agency.
An annuity is a long-term financial vehicle designed for retirement. An insurance company accepts premiums and provides future income or a lump-sum amount to the contract owner by contractual agreement. Annuity contracts have terms and limitations for keeping them in force. Please contact a financial representative for complete details.