Annexus & North American Win 'Deal of the Year, Annuities' at SRP Americas 2024 Awards

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Oct 07, 2024, 05:59 ET

Industry-First Performance Strategy Ladder Crediting Method and 4-in-1 Retirement Benefits Rider Recognized

SCOTTSDALE, Ariz., Oct. 7, 2024 /PRNewswire/ -- Annexus, a leading retirement product design company, in partnership with North American Company for Life and Health Insurance^®, one of the largest issuers of fixed index annuities (FIAs) in the U.S.,¹ announced that its innovative work on the Secure Horizon Suite of fixed index annuities was awarded "Deal of the Year, Annuities" at the SRP Americas 2024 Awards. Hosted by Structured Retail Products, the award recognizes excellence in annuity products based on performance, customer satisfaction and sales volume.

"At Annexus, we are committed to pushing the boundaries of innovation in the FIA market to deliver greater client outcomes," says Ron Shurts, CEO and co-founder of Annexus. "Earning this award alongside North American is a testament to this mission and the strength of our partnership. We are excited to continue building on this success."

The Secure Horizon FIA suite introduced the first-ever Performance Strategy Ladder crediting method in an FIA as well as a unique 4-in-1 Retirement Benefits Rider. The rider features the first solution within an FIA designed to help mitigate a potential reduction in Social Security benefits, along with a 2 of 6 Activities of Daily Living (ADL) benefit.

Annexus and North American first launched Secure Horizon and Secure Horizon Plus fixed indexed annuities in 2023, with the latter offering a 20% immediate premium bonus.² The suite expanded with the addition of Secure Horizon Choice, offering shorter 5- and 7-year accumulation opportunities, as well as Secure Horizon Accelerator — an accumulation-focused FIA with an immediate premium bonus for no charge². The Secure Horizon Suite of FIAs added two new indices, the Research Affiliates Global Multi-Asset Index, the first Research Affiliates index within an FIA, and the S&P PRISM Index, which has been the best performing live smart beta index in the FIA industry over the last five years.³

"The Secure Horizon FIA suite has set a new standard in the industry by introducing two groundbreaking advancements, and we've continued to build on that success," says Rob TeKolste, President, Sammons Independent Annuity Group. "This award highlights the innovative essence of our collaboration, and we are eager to continue building on the exceptional performance and success of the suite. Together, we are driving the future of retirement solutions."

About Annexus

Annexus designs solutions to help Americans grow and protect their retirement savings. For over a decade, Annexus has developed market-leading fixed indexed annuities and indexed universal life insurance products. Annexus has forged relationships with many of the industry's leading insurance carriers and the world's largest investment banks. Find out more about Annexus and its products.

About North American Company for Life and Health Insurance

North American Company for Life and Health Insurance^® is a member of Sammons^® Financial Group, Inc. They offer a comprehensive portfolio of term, universal life, and indexed universal life insurance products, as well as a wide variety of traditional fixed and fixed index annuities. Learn more about North American.

¹Wink's Sales & Market Report and LIMRA/Secure Retirement Institute.

²Premium bonus may vary by annuity product, premium band, issue state, and surrender charge period selected and may be subject to a premium bonus recapture. Products that have premium bonuses may offer lower credited interest rates, lower index cap rates, lower participation rates and/or greater index margins than products that don't offer a premium bonus. Over time and under certain scenarios the amount of the premium bonus may be offset by the lower credited interest rates, lower index cap rates, lower participation rates and/or greater index margins.

³Based on all custom indices in the Fixed Indexed Annuity market as of 9/1/24 that have a volatility target of 7% or less. Index performance from 2/12/18 - 12/31/23.

The Retirement Benefits rider includes a rider charge that it deducted from the accumulation value annually. Only one benefit may be elected under the rider. Once a benefit is elected, no other benefits are available under the rider or contract. Not all rider benefits are available in all states.

North American Company for Life and Health Insurance is not affiliated with the Social Security Administration (SSA). North American's product(s) are not sponsored, endorsed, sold or promoted by the Social Security Administration, and they make no representation regarding the advisability of purchasing of the product(s).
North American nor any of its affiliates, Annexus, and Structured Retail Products (SRP) are not affiliated.

The North American Secure Horizon^SM, Secure Horizon^SM Plus, Secure Horizon^SM Choice and Secure Horizon^SM Accelerator are issued on form NA1015A/ICC21-NA1015A (Contract), AE651A/ICC21-AE651A (Secure Horizon/Secure Horizon Accelerator only), AE652A/ICC21-AE652A, AE653A/ICC21-AE653A (Secure Horizon/Secure Horizon Accelerator only), AE654A/ICC21-AE654A, AE655A/ICC21-AE655A, AE682A/ICC23-AE682A (Secure Horizon Accelerator only), AE642A/ICC20-AE642A, AE638A/ICC21-AE638A, AE639A/ICC21-AE639A, AE656A (Secure Horizon Plus only), AE658A (Secure Horizon Plus only), AE659A (Secure Horizon Plus only), AE660A04 (Secure Horizon Plus only), (riders/endorsements) or appropriate state variation. These products, features, and riders may not be available in all states.

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 the accumulation value for optional benefit riders or strategy fees or charges 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.

Sammons Financial^® is the marketing name for Sammons^® Financial Group, Inc.'s member companies, including North American Company for Life and Health Insurance^®. Annuities and life insurance are issued by, and product guarantees are solely the responsibility of, North American Company for Life and Health Insurance^®.

PR-137-10-24

SOURCE Annexus