Providing added flexibility to address planning needs while also helping boost customers’ confidence in uncertain times
CINCINNATI — April 8, 2021 — W&S Financial Group Distributors, Inc., wholesale distributor of annuities and life insurance from member companies of Western & Southern Financial Group, has announced an enhancement to the Indextra Series fixed indexed annuity from Integrity Life Insurance Company.
Indextra now offers a five-year declining withdrawal charge period. Customers selecting it also receive a 105% guaranteed minimum account value (GMAV) benefit. Included at no separate charge, it multiplies the premium (less any withdrawals, withdrawal charges and rider charges) by 105% at the end of the fifth index year if the account value is less than that. Indextra also offers a seven-year withdrawal charge period with a 107% GMAV and a 10-year withdrawal charge period with a 110% GMAV.
“Individuals desiring investment growth and income guarantees for retirement planning have been turning to Indextra since its introduction in 2014,” said Mark E. Caner, president of W&S Financial Group Distributors. “We are pleased to introduce another duration to Indextra, providing added flexibility to address planning needs while also helping boost customers’ confidence in uncertain times.”
Indextra brings together choice and potential as owners may allocate among four allocation options in all, including three indexed interest options, according to their individual needs and outlook for retirement security. It is designed both to protect its accumulated account value from losses due to negative changes in the indexes associated with the annuity as well as to provide access to guaranteed lifetime income at retirement.
Launched Sept. 29, 2014, Indextra produced the most successful first-year product debut in W&S Financial Group Distributors’ history. Total sales now exceed $2.2 billion (as of 3/31/21).
About W&S Financial Group Distributors, Inc.
W&S Financial Group Distributors, Inc. (WSFinancialPartners.com) distributes fixed, variable and immediate annuities and life insurance products from Western-Southern Life Assurance Company, Integrity Life Insurance Company and National Integrity Life Insurance Company, all member companies of Western & Southern Financial Group, Inc. Variable products are distributed through Touchstone Securities, Inc.1 Marketing through a national network of broker-dealers, financial advisors, independent agents and financial institutions, W&S Financial Group Distributors assists financial professionals in helping individuals invest for, live in and manage risk during retirement.
About Western & Southern Financial Group
Founded in Cincinnati in 1888 as The Western and Southern Life Insurance Company, Western & Southern Financial Group, Inc., a Fortune 500 company, is the parent company of a group of diversified financial services businesses. Its assets owned ($62.9 billion) and managed ($35.9 billion) totaled $98.8 billion as of Dec. 31, 2020. Western & Southern is one of the strongest life insurance groups in the world. Its seven life insurance subsidiaries (The Western and Southern Life Insurance Company, Western-Southern Life Assurance Company, Columbus Life Insurance Company, Gerber Life Insurance Company, Integrity Life Insurance Company, The Lafayette Life Insurance Company, and National Integrity Life Insurance Company) maintain very strong financial ratings. Other member companies include Eagle Realty Group, LLC; Fort Washington Investment Advisors, Inc.;1 IFS Financial Services, Inc.; Touchstone Advisors, Inc.;1 Touchstone Securities, Inc.;2 W&S Brokerage Services, Inc.;1,2 and W&S Financial Group Distributors, Inc. Western & Southern is the title sponsor of seven major community events every year, including the Western & Southern Open, a premier event in the U.S. Open Series played each August by the world’s top-ranked professional male and female tennis players.
1 A registered investment adviser.
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