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 (18,514)
  • Industry Conferences (4)
  • Industry Job Openings (4)
  • Moore on the Market (233)
  • Negative Media (139)
  • Positive Media (73)
  • Sheryl's Articles (677)
  • Wink's Articles (281)
  • Wink's Inside Story (255)
  • Wink's Press Releases (105)
  • Blog Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • 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
  • North American adds exclusive Morgan Stanley index to its top fixed annuity products

    May 3, 2022 by North American Company for Life and Health Insurance

    WEST DES MOINES, IowaApril 26, 2022 /PRNewswire/ — Annuity customers looking for consistent, positive performance potential can consider a new index offered through North American Company for Life and Health Insurance®, a member company of Sammons Financial Group®.  The new financial index is designed by Morgan Stanley and can help today’s annuity customer manage the often shifting economic and market environment facing fixed index annuities. North American is one of the largest issuers of fixed index annuities in the U.S.

    The Morgan Stanley Dynamic Global Index (Dynamic Global) is rooted in approaches to level out the highs and lows of the market. The Dynamic Global Index provides access to global, multi-asset diversification among several asset classes including equities, commodities, and fixed-income. It may also allocate to cash as part of managing to a 5-percent volatility target. Fixed index annuities are not directly invested in the equity market, the Index itself, or its components. However, when aligned with North American’s current products, products linked to the Index may help to provide the potential for more consistent returns.

    “A top concern of today’s annuity owners is outliving their money. By applying this new index to the innovative insurance products North American offers, we can help alleviate some of the risk in potentially volatile economic conditions,” said Rob TeKolste, president, Sammons Independent Annuity Group. “We are always looking to improve performance by aligning with respected providers like Morgan Stanley.”

    The new Dynamic Global Index will be available on a suite of North American products. Each fixed index annuity offers crediting methods with participation rate strategies at one- and two-year durations:

    • NAC VersaChoiceSM, North American’s top-selling product, is a fixed index annuity offering growth potential while maintaining access to funds when they may be needed most.
    • Performance Choice® is a flexible premium, deferred fixed index annuity designed for accumulation potential while helping protect from market volatility. Performance Choice is North American’s shortest duration accumulation annuity product.
    • PrimePath® Pro is a multi-benefit fixed index annuity designed for growth potential while providing flexible options for taking lifetime income based off a benefit base rollup amount of 200 percent of the weighted average interest credit percentage.

    “This Index provides global multi-asset diversification and includes provisions intended to address the unique risks and return characteristics of each asset class as part of its rules-based dynamic allocation,” said Keshiv Desai, Managing Director of Morgan Stanley. The Dynamic Global Index will be available through North American on April 26, 2022. For more information, click here.

    About North American Company for Life and Health Insurance

    North American Company for Life and Health Insurance®  is a member company of Sammons® Financial Group, Inc. Since 1886, North American has established a tradition of providing quality insurance products to consumers throughout the U.S. We offer a comprehensive portfolio of term, universal life, and indexed universal life insurance products. North American also offers a wide variety of traditional fixed and fixed index annuities and consistently ranks among the top fixed index annuity carriers in the U.S. (Source: Wink’s Sales & Market Report and LIMRA/Secure Retirement Institute). For more information, please visit here.

    Disclosures:

    Insurance products issued by North American Company for Life and Health Insurance®, West Des Moines, Iowa. Product and features/options may not be available in all states or appropriate for all clients. See product materials  for further details, specific features/options, and limitations by product and state.  The NAC VersaChoiceSM 10 is issued on base contract form NA1012A/ICC17-NA1012A.MVA, the Performance Choice® 8 is issued on base contract form NA1007A/ICC16-NA1007A.MVA, and the PrimePath Pro issued on base contract form NA1008A/ICC16-NA1008A.MVA or appropriate state variation including all applicable endorsements and riders.

    Fixed index annuities are not a direct investment in the stock market. They are long term insurance products with guarantees backed by the issuing company. They provide the potential for interest to be credited based in part on the performance of specific indices, without the risk of loss of premium due to market downturns or fluctuation. Although fixed index annuities guarantee no loss of premium due to market downturns, deductions from your accumulation value for additional optional benefit riders or strategy fees associated with allocations to enhanced crediting methods could exceed interest credited to the accumulation value, which would result in loss of premium. They may not be appropriate for all clients. Interest credits to a fixed index annuity will not mirror the actual performance of the relevant index.

    Morgan Stanley Dynamic Global Index (the “Index”) is the property of Morgan Stanley & Co. LLC.

    Any product that is linked to the performance of the Index is not sponsored, endorsed, sold or promoted by Morgan Stanley & Co. LLC, or any of its affiliates (collectively, “Morgan Stanley”). Neither Morgan Stanley nor any other party (including without limitation any calculation agents or data providers) makes any representation or warranty, express or implied, regarding the advisability of purchasing this product. In no event shall Morgan Stanley have any liability for any special, punitive, indirect or consequential damages including lost profits, even if notified of the possibility of such damages. The Index is the exclusive property of Morgan Stanley. Morgan Stanley and the Index are service marks of Morgan Stanley and have been licensed for use for certain purposes. Neither Morgan Stanley nor any other party has or will have any obligation or liability to owners of this product in connection with the administration or marketing of this product, and neither Morgan Stanley nor any other party guarantees the accuracy and/or the completeness of the Index or any data included therein.

    No purchaser, seller or holder of this product, or any other person or entity, should use or refer to any Morgan Stanley trade name, trademark or service mark to sponsor, endorse, market or promote this product, without first contacting Morgan Stanley to determine whether Morgan Stanley’s permission is required. Under no circumstances may any person or entity claim any affiliation with Morgan Stanley without the prior written permission of Morgan Stanley.

    In calculating the performance of the Index, Morgan Stanley deducts, on a daily basis, a servicing cost of 0.50% per annum. This reduces the positive change or increase the negative change in the Index level and thus decreases the return of any product linked to the Index. The volatility control calculation applied by Morgan Stanley as part of the Index’s methodology may decrease the Index’s performance and thus the return of any products linked to the Index. In addition, because the volatility control calculation is expected to reduce the overall volatility of the Index, it will also reduce the cost of hedging certain products linked to the Index.

    SOURCE North American Company for Life and Health Insurance

    Originally Posted at CISION PR Newswire on April 26, 2022 by North American Company for Life and Health Insurance.

    Categories: Industry Articles
    currency