AuguStar Retirement Introduces Enhanced Growth FIA with EGAP for Better Financial Security

AuguStar Introduces the Orbiter Growth FIA with Enhanced Security

In a notable development for the retirement planning sector, AuguStar® Retirement, a member of the Constellation family of companies, has unveiled an enhancement to its Orbiter® family of fixed indexed annuities (FIA). This introduction is strategically aimed at expanding the company’s relationships with banks and broker-dealers, while also offering clients new opportunities for financial growth and security.

What is the Enhanced Guaranteed Accumulation Protection (EGAP)?

One of the most significant features of the new Orbiter Growth FIA is the Enhanced Guaranteed Accumulation Protection (EGAP). This new tiered option is designed to offer clients more than just average returns. With EGAP, clients at or nearing retirement age will benefit from guaranteed simple interest rate returns every year throughout the contract term, regardless of market fluctuations. As Marc Socol, the Chief Revenue Officer of AuguStar Retirement explains, “EGAP is a game changer for financial professionals within banks and broker-dealers.” This feature is crucial for clients wishing to safeguard their investments against unpredictable market conditions.

Innovative Index Options with MerQube

Adding to the product's appeal, AuguStar Retirement is also launching five new index options through its partnership with MerQube, a leader in cutting-edge index-linked investing technology. This collaboration aims to improve diversification and performance through advanced intraday technology, ultimately leading to enhanced risk-adjusted investment opportunities. This innovative approach enables financial advisors to better serve their clients while navigating an ever-evolving economic landscape.

A Commitment to Secure Retirement Solutions

Socol further emphasized that the design of the Orbiter Growth annuity reflects AuguStar’s commitment to providing secure and innovative retirement solutions. The recent enhancements mark a crucial part of the company's overall strategy to diversify its offerings, which in turn gives financial professionals greater flexibility in planning for their clients' retirement.

Accessing AuguStar’s Benefits

Interested customers and financial professionals can find more information about the Enhanced Guaranteed Accumulation Protection and the new features of the Orbiter Growth FIA by visiting the official AuguStar website. As AuguStar continues to expand its portfolio of fixed indexed annuities, the company remains dedicated to supporting its partners and clients alike in achieving a stable and secure financial future.

About AuguStar Retirement

AuguStar Retirement specializes in marketing fixed indexed and multi-year guaranteed annuities via banks, brokers, dealers, independent marketing organizations, and insurance professionals. It operates under the Constellation umbrella, which includes various companies across the financial sector. With a strong backing from substantial investors, including CDPQ and Ontario Teachers', who manage considerable assets, AuguStar is poised for continued growth and innovation in the retirement planning industry.

With these advancements, AuguStar Retirement is well-positioned to cater to the needs of an increasingly diverse client base, ensuring they have access to financial products that prioritize their security even in uncertain times.