We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (17,254)
  • Industry Conferences (3)
  • Industry Job Openings (3)
  • Moore on the Market (184)
  • Negative Media (139)
  • Positive Media (73)
  • Sheryl's Articles (638)
  • Wink's Articles (255)
  • Wink's Inside Story (227)
  • Wink's Press Releases (97)
  • Blog Archives

  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • May 2008
  • February 2008
  • August 2006
  • F&G Introduces New Category-Defining Annuity Product with “FILA”

    June 22, 2021 by Fidelity & Guaranty Life

    DES MOINES, IowaJune 21, 2021 /PRNewswire/ — F&G, part of the FNF family of companies and a leading provider of annuities and life insurance, today announced a new annuity product category – the Fixed Index-Linked Annuity (FILA) with the launch of Dynamic Accumulator. The new product is built on a Fixed Index Annuity (FIA) chassis offering 100% principal protection against market decline1, but similar to a Registered Index-Linked Annuity (RILA), it also offers increased upside potential and provides customers the flexibility to control their level of risk.

    F&G’s Dynamic Accumulator gives clients the flexibility to change risk level annually, dialing back to an FIA-like 0% floor or dialing up the prior index gains they’re willing to put at risk to unlock more upside potential. It works like a RILA when the market is up and has similar guarantees of an FIA when it’s down.

    This FILA is designed to meet an underserved need in the marketplace. According to a new F&G survey of American Investors (see methodology), when considering retirement products, 88% of survey participants say 100% principal protection is important.  In addition, 86% of respondents said the ability to shift the balance between upside potential and principal protection is also important, indicating that while customers may be willing to take some risk on any gains, protecting their principal is still a top priority. FILAs help them achieve both.      

    “We know customers want more options, and Dynamic Accumulator offers an innovative new alternative for accumulation providing both safety of principal and upside potential,” said John Currier, President, Retail Markets at F&G. “Our new product serves the same customer needs as a RILA, and we are excited to help define and grow this new FILA category.”

    The F&G study also highlighted an opportunity for agents and advisors to educate their clients on the benefits of these types of accumulation products, especially among those approaching or entering into retirement.  The survey found the following specifically among Baby Boomers (aged 57-75):

    • Nearly three quarters (72%) of pre-retiree Baby Boomers say they plan to retire within the next ten years but only half of Baby Boomers overall (50%) are currently using a financial professional.
    • Baby Boomers also cite their two most important objectives when making decisions on retirement products as guaranteed income (53%) and protection against market losses/risk (47%).
    • Yet only 26% own annuities and only a third (32%) who currently work with a financial professional say their agent or advisor has spoken to them about annuities within the past year.

    “FILAs give financial professionals an opportunity to introduce their clients to a product that provides both growth potential and peace of mind,” said Ron Barrett, SVP Annuity Distribution at F&G. “Giving customers the flexibility and control to adjust their risk level annually also creates more opportunities to check in with clients to help them develop the best, proactive retirement plan to meet their needs and aspirations.”

    Dynamic Accumulator is available in 35 states and will be initially sold through F&G’s long-established IMO channel.

    Survey Methodology

    This F&G Pulse Survey was conducted using Directions Research’s Xcelerant Surveys among a sample of 1,335 adults 40 years of age and older who are financial decision-makers for their household with at least $50k in investable assets. This survey was live from May 6-18, 2021. To ensure consistent and accurate representation of the U.S. general population 18 years of age and older, data are weighted by the following Census variables: sex, age, geographic region, race/ethnicity, and education.

    About F&G

    F&G is part of the FNF family of companies. F&G is committed to helping Americans turn their aspirations into reality. F&G is a leading provider of annuity and life insurance products and is headquartered in Des Moines, Iowa. For more information, please visit fglife.com.

    “F&G” is the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States outside of New York. Life insurance and annuities issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA.

    Media Contact

    Gabrielle Simon

    pro-F&G@prosek.com

    413.695.3818

    1

    Surrender charge and market value adjustment applies for anyone withdrawing amounts in excess of the penalty free amount within the first 10 years.  Dynamic Accumulator is a Fixed Index Annuity and complies with standard non-forfeiture laws.  The referenced innovative indexed crediting strategy allows you to put gains at risk.  Gains can be accessed prior to the end of the crediting period through a vesting schedule but are not locked in until the end of the crediting period.

    SOURCE Fidelity & Guaranty Life; FNF

    Originally Posted at CISION PR Newswire on June 21, 2021 by Fidelity & Guaranty Life.

    Categories: Industry Articles
    currency