ZoneChoice gives consumers a simpler investing experience that can be personalized to each individual’s risk tolerance and features a new index developed by Barclays
MADISON, Wis., July 22, 2021 /PRNewswire/ — CUNA Mutual Group, a leading insurance and financial services company, announced today the launch of the new ZoneChoice Annuity, a registered index-linked annuity, issued by MEMBERS Life Insurance Company.
This new product will allow savers to personalize their investment strategy to meet their unique risk tolerance with the potential to deliver higher returns through varying market cycles along with valuable downside protection.
ZoneChoice lets retirement savers strike their ideal balance between growth and protection with a choice of both floors (which provide a maximum loss in a down market) and buffers (which provide protection against losses up to a buffer). Consumers can personalize a comfort zone based on their individual needs to help with a financially secure retirement.
“This new offering is true to our core principles of simplicity, integrity and innovation,” said David Hanzlik, Vice President, Annuity and Retirement Solutions, CUNA Mutual Group. “After the year we have had, people are seeking opportunities to mitigate their investing risk while maintaining the potential for upside growth. ZoneChoice presents the perfect balance for those clients.”
Barclays Risk Balanced Index
ZoneChoice’s investment indices include a new Barclays Risk Balanced Index which allocates between 50 US low volatility stocks and fixed income, and which was developed in partnership with CUNA Mutual Group specifically for ZoneChoice. It also offers the S&P 500 Index and a declared rate account that lets buyers lock in a pre-determined rate for one year.
For more information on ZoneChoice or any of CUNA Mutual Group’s annuities, please contact the CUNA Mutual Group Annuities sales desk: 1-877-345.GROW (4769), Option 1 or visit www.SmartRiskControl.com/ZoneChoice. Visit Indices.Barclays/RB10 for more information about the Barclays Risk Balanced Index.
About CUNA Mutual Group
Built on the principle of “people helping people,” CUNA Mutual Group is a financially strong insurance, investment and financial services company that believes a brighter financial future should be accessible to everyone. Through our company culture, community engagement, and products and solutions, we are working to create a more equitable financial system that helps to improve the lives of those we serve and our society. For more information, visit cunamutual.com/annuities.