A MYGA? Fixed-Indexed Annuity? New Product Straddles Categories.
July 12, 2022 by Cyril Tuohy
Sheryl Moore, CEO of Wink, publisher of Wink’s Sales & Market Report, said Ibexis’ MYGA Plus is employing the same kind of “performance triggered strategy” that has been used on indexed annuities for decades. A rise in the index simply triggers a higher payout on the product.
“Ibexis is just guaranteeing the declared rate for a period longer than one year,” she added in an email. “So yes, the concept is new that way.”