LPL Monetary has agreed to supply a brand new listed annuity from Prosperity Life Group to its 4.5 million shoppers.
The WealthSecure Plus annuity is a single-premium, non-variable listed menu.
Purchasers can tie the crediting price to the efficiency of a number of funding indexes.
The index menu consists of the S&P 500 index; a Constancy Investments index that invests in industries which have historically carried out nicely during times of excessive inflation; and a second Constancy index that invests in giant and midsize firms that seem like particularly steady.
What it means: The index designers try to mirror what shoppers are pondering, not simply match the efficiency of all shares.
The gamers: WealthVest is a Bozeman, Montana-based firm that’s been growing and wholesaling annuities for years.
Prosperity Life is a Roanoke, Virginia-based firm that was acquired by Paul Singer’s funding agency, Elliott Funding Administration, in 2019.
