Protective Life Insurance has launched a variable annuity offering two optional benefits that allow the holder to maximize either their retirement income or investment growth potential.
“Both living benefits also include a feature that allows the customer to defer a portion of their annual withdrawal amount for use at a later time,” the Birmingham-based insurer said in a press release.
The product has been branded Protective Aspirations.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
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Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.
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