November 18, 2024 Newswires

Guaranty Income Launches WealthChoice Enhancements with Guaranteed Options for IMOs

Business Wire

New strategies, including S&P 500® Dynamic Intraday TCA and Barclays Global Quality Index, offer stability and growth potential with guaranteed rates.

BATON ROUGE, La.--(BUSINESS WIRE)--
Guaranty Income Life Insurance Company (GILICO), a Kuvare company, has launched four new crediting options for its WealthChoice Fixed Indexed Annuity (FIA), available starting November 18th. Known for its growth, income, safety, and flexibility, WealthChoice incorporates strategies that protect clients from market volatility and low-interest rates, while also providing opportunities for growth. The enhancements will equip Independent Marketing Organizations (IMOs) and their financial professionals with additional ways to meet a broad range of client needs, from diversification and growth to risk management and security, with:

Two crediting strategies with rates guaranteed through the surrender charge period by GILICO:
- S&P 500® Dynamic Intraday TCA Index Cap targets a 15% volatility level and combines the S&P 500 with cash, adjusting dynamically throughout the day to manage market fluctuations. This strategy provides more stability compared to traditional equity indexes, while also offering the potential for higher crediting rates, making it attractive for clients seeking risk-managed performance in uncertain markets.
- Barclays Global Quality Index focuses on global diversification with a high-quality selection of stocks across a wide range of sectors. This index aims to balance risk and return by focusing on quality companies that are well positioned for long-term growth.
Two S&P 500® Price Return Index crediting strategies:
- Performance Trigger that offers transparent returns.
- Bailout option that provides clients with penalty-free access to funds under certain conditions, strengthening financial peace of mind.

“Our goal is to empower IMOs and their financial professionals with innovative solutions that help them serve their clients' various retirement planning needs,” said Cary Carney, Vice President of Sales for Guaranty Income Life. “With the new crediting options with rate guarantees, WealthChoice FIA becomes an even more valuable resource for clients seeking stability, growth, and financial security.”

Paz Rulli, Vice President of Product Development at Kuvare shared, “We listened to firms and financial professionals for guidance when developing these new crediting strategies on our WealthChoice FIA. Our broader offering will further establish WealthChoice as a core product for our clients’ accumulation and guaranteed income plans moving forward.”

About Guaranty Income Life Insurance Company

Guaranty Income Life Insurance Company, a Kuvare company, is a leading provider of fixed indexed annuities, specializing in flexible retirement solutions that prioritize financial security. For nearly a century, Guaranty has empowered financial professionals with strategies that balance growth and protection. Committed to customer-driven innovation, the company continues to deliver powerful annuity products supported by exceptional service and stability. For more information, visit gilico.com.

About Kuvare

Kuvare is a financial services platform offering life insurance, annuities, reinsurance, advisory, and asset management solutions. Founded in 2015 and headquartered in the Chicago area, Kuvare manages $42 billion in assets and follows a long-term growth strategy. The Kuvare family of companies includes Lincoln Benefit Life, Guaranty Income Life, United Life, and other Kuvare companies. For more information, visit kuvare.com.

Neither Barclays Bank PLC (“BB PLC”) nor any of its affiliates (collectively, “Barclays”) is the issuer or producer of fixed index annuities and Barclays has no responsibilities, obligations or duties to policyholders in fixed index annuities. The Barclays Global Quality Index (the “Index”), together with any Barclays indices that are components of the Index is licensed for use by Guaranty Income Life Insurance Company (“GILICO”) as the issuer or producer of fixed index annuities (the “Issuer”). Barclays’ only relationship with the Issuer in respect of the Index is the licensing of the Index, which is administered, compiled and published by BB PLC in its role as the index sponsor (the “Index Sponsor”) without regard to the Issuer or the fixed index annuities or policyholders in the fixed index annuities. Additionally, GILICO as the Issuer may for itself execute transaction(s) with Barclays in or relating to the Index in connection with fixed index annuities. Policyholders acquire fixed index annuities from GILICO and policyholders neither acquire any interest in the Index nor enter into any relationship of any kind whatsoever with Barclays upon making a purchase in fixed index annuities. Fixed index annuities are not sponsored, endorsed, sold or promoted by Barclays and Barclays makes no representation regarding the advisability of the fixed index annuities or use of the Index or any data included therein. Barclays shall not be liable in any way to the Issuer, policyholders or to other third parties in respect of the use or accuracy of the Index or any data included therein.

The S&P 500 Price Return Index and the S&P 500® Dynamic Intraday TCA Index (the “Index”) are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and have been licensed for use by Guaranty Income Life Insurance Company. S&P®, S&P 500®, 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 Guaranty Income Life Insurance Company. Guaranty Income Life Insurance Company’s products based on these indices are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or any of their respective affiliates. None of such parties make any representation regarding the advisability of investing in such products nor do they have any liability for any errors, omissions, or interruptions of the Indexes.

Not FDIC/NCUA insured • Charges may apply • Not bank/CU guaranteed • Not a deposit • Not insured by any federal agency • May go down in value when surrender charges are applied

A fixed index annuity is not a security and is not an investment in the stock market. Index account interest is based, in part, on index performance. Past performance of an index is not an indication of future performance. WealthChoice Fixed Indexed Annuity is underwritten and issued through Guaranty Income Life Insurance Company. Guarantees are backed by the financial strength and claims paying ability of the company. Product availability and features may vary, and some features may not be available in all states. Issued under policy form GI-FIA02.