American National introduces proprietary custom annuity index

American National Group today announced the launch of its first proprietary custom index, which will be paired with American National’s Strategy Index 10 annuity.

Developed in collaboration with BNP Paribas, the Patriot Technology Index is designed to offer clients a unique blend of innovation, protection, and growth potential, ANG said in a news release.

The Strategy Index 10 annuity includes a flexible premium option, allowing clients to adapt their investment strategies over time with a 10-year surrender period. This flexibility is crucial for meeting the evolving financial goals and needs of clients.

Furthermore, the indexed annuity offers clients the option of allocating their investments across various strategies to diversify their portfolios. Available options include the S&P 500®, S&P MARC 5%, Nasdaq®, and the new Patriot Technology Index.

The Patriot Technology Index is comprised of U.S. large and mid-cap technology companies identified by the U.S. government as critical and emerging technologies that help to inform national security-related activities.

This index provides clients with a unique investment opportunity, leveraging the strong performance of the U.S. stock market and the trend towards deglobalization. As the market shifts, U.S.-focused and U.S.-based companies are poised for considerable upside, making this a strategic addition to any portfolio.

“We are excited to introduce the Patriot Technology Index, reflecting our commitment to innovation and our dedication to serving the needs of our prospective and existing clients with products to meet their financial goals,” said Chad Ferrell, Senior Vice President and Chief of Life and Annuity Distribution at American National. “This collaboration enables us to offer a proprietary index that is composed of US Large/Mid Cap companies that align with the U.S. priorities and interest.”

“BNP Paribas is excited to be working with American National to bring a highly differentiated and exclusive index strategy to market,” added Ryan Cullen, Head of EQD Insurance Solutions Sales at BNP Paribas.

The Patriot Technology Index offers exposure to U.S. companies with the potential to benefit from strategic investment in 14 critical and emerging technologies identified by the U.S. government and incorporates geostrategic risk ratings made possible through a collaboration with the industry-leading teams at J.H. Whitney and Solactive.