American Life & Security Corp. Partners with Nasdaq
In a significant development for the annuity and retirement planning sector, American Life & Security Corp., a dynamic player in the industry, has announced its partnership with Nasdaq Global Indexes. This collaboration has led to the launch of the
Nasdaq-100 Intraday Elite 15%™ Index, which is now available through their American Select Fixed Indexed Annuity (FIA). This new index is aimed at providing policyholders with attractive growth opportunities while effectively managing market risks.
Commitment to Innovation
According to Thomas Bumbolow, the Head of Distribution and Business Development at American Life, this launch highlights the firm's dedication to innovation in the retirement market. "We're proud to partner with Nasdaq in launching this index, which brings a stable, growth-oriented investment option to our clients," stated Bumbolow. The introduction of the Nasdaq-100 Intraday Elite 15%™ Index emphasizes American Life's commitment to delivering valuable investment choices to its clients and partners.
Features of the Nasdaq-100 Intraday Elite 15%™ Index
The index is specifically designed to cater to the needs of modern investors. Here are the main features:
- - Exposure to Nasdaq-100 Index: This index offers investors access to 100 of the largest and most innovative companies traded on the Nasdaq Stock Market, expanding their investment reach.
- - 15% Volatility Target: It employs a sophisticated systematic approach that adjusts exposure dynamically. This methodology enhances risk management, allowing for more robust investment strategies in volatile market conditions.
- - Intraday Rebalancing: A standout feature of this index is the ability to rebalance investments up to three times per day. This rebalancing method is more responsive than traditional daily or monthly approaches, which can lead to more consistent crediting and participation rates.
Rich Macari, Head of Insurance and Bank Solutions at Nasdaq Global Indexes, commented on the relationship, noting how the collaboration reflects a shared dedication to providing precision index solutions that meet the evolving requirements of insurance carriers. The
Nasdaq-100 Intraday Elite 15% Index marks a shift towards intraday adaptability, a crucial feature for modern annuity designs that demand flexibility and precision.
Availability and Future Prospects
This new index is now accessible to both new and current policyholders of the American Select FIA. As a response to the growing demand for innovative financial products, American Life continues to expand its offerings, focusing on user-centric solutions that address the changing landscape of retirement investment.
For more details about the Nasdaq-100 Intraday Elite 15%™ Index and its incorporation into the American Select FIA, interested parties can reach out to American Life directly via their official channels.
About American Life & Security Corp.
Based in Lincoln, Nebraska, American Life & Security Corp. is a prominent provider of annuity solutions, committed to assisting families and individuals in achieving financial security. Through innovative product designs, trusted partnerships, and a customer-first approach, the company aims to enhance the financial well-being of its clients.
About Nasdaq
Nasdaq, identified by the stock market symbol NDAQ, is at the forefront of global technology applications in financial services. It provides a diverse range of tools and solutions designed for corporate clients, investment managers, banks, and brokers to navigate the complexities of global capital markets. Nasdaq seeks to improve liquidity, transparency, and integrity throughout the financial ecosystem.
Conclusion
This innovative partnership between American Life & Security Corp. and Nasdaq is poised to reshape the annuity landscape, offering policyholders advanced investment options that embrace modern market trends. By focusing on adaptability and risk management, this collaboration represents a noteworthy evolution in retirement planning products.