The addition of these new indices to the fixed index annuity
expands consumers' options for growing and protecting their
retirement savings
DURHAM,
N.C., Aug. 9, 2024 /PRNewswire-PRWeb/ -- Aspida
Life Insurance Company ("Aspida"), a life insurance and annuity
company, in conjunction with Market Synergy Group (MSG), today
announced the expansion of its Synergy Choice™ Fixed Index Annuity
(FIA) product suite. The line now includes two additional index
options – Invesco QQQ Growth Index and the Nasdaq-100 Index® – to
provide clients with more choices to optimize their growth
potential and financial future.
"The Invesco QQQ Growth Index and
Nasdaq-100 Index® expand our clients' opportunities for potential
growth by providing exposure to both innovative companies and
established industry leaders," said Chad
Burns, Chief Distribution Officer at Aspida.
The Synergy Choice FIAs offer clients protection of their
initial premium, tax deferral, and guaranteed lifetime income. This
product suite allows clients to earn potential interest based on
their choice of several external market indices within the
protective structure of a fixed indexed annuity.
"The Invesco QQQ Growth Index and Nasdaq-100 Index® expand our
clients' opportunities for potential growth by providing exposure
to both innovative companies and established industry leaders,"
said Chad Burns, Chief Distribution
Officer at Aspida. "By broadening our index lineup for Synergy
Choice FIAs, we're equipping financial professionals with more
tools to help consumers tailor their retirement strategies to drive
growth while maintaining the principal protection that's
fundamental to our fixed index annuities."
The Invesco QQQ Growth Index seeks to balance strong market
upside capture with stability. It combines consistent equity
exposure with responsive bond exposure that adjusts between short-
and intermediate-term U.S. Treasuries as interest rate conditions
change. The index uses the Invesco QQQ exchange-traded fund (ETF),
which is comprised of a diverse group of cutting-edge Nasdaq-100®
companies. Its dynamic allocation strategy adapts to market
conditions, aiming to optimize performance while managing risk with
a target 12.5% volatility level.
The Nasdaq-100 Index® is comprised of 100 of the largest and
most innovative non-financial companies listed on the Nasdaq Stock
Market® based on market capitalization.
Both new indices allow clients to benefit from technological
advancements and market innovation without direct market risk,
enhancing the overall value proposition of Synergy Choice FIAs.
Synergy Choice FIAs are distributed exclusively by Market
Synergy Group's member partners. For more information about the
product and the new index options, visit www.marketsynergy.net.
About Aspida
Aspida Holdings Ltd., through its subsidiaries (collectively
"Aspida"), is focused on providing retirement and reinsurance
solutions, having operations in the U.S. and Bermuda with total assets of $15.1 billion as of March
31, 2024. Aspida, through its U.S. platform – Aspida Life
Insurance Company – is focused on leveraging technology and agility
to help clients achieve – and protect – their dreams. With offices
in Bermuda and the Cayman Islands, Aspida Life Re, is focused on
providing efficient and secure life and annuity reinsurance
solutions to global clients. Aspida seeks to be a trusted partner
in its clients' financial security while driving its growth by
doing good for the communities it serves. Aspida is an indirect
subsidiary of Ares Management Corporation. For more information,
please visit: www.aspida.com or follow them on LinkedIn.
About Market Synergy Group
At Market Synergy Group, we leverage research, innovation, a
passion for problem-solving and unconventional thinking to identify
consumer planning challenges before they arise. We partner with
reputable carriers to design and develop market-leading solutions
that address these needs and collaborate with an exclusive network
of IMO member-owners and elite advisors to distribute them,
generating meaningful results for the individuals and families they
serve. It's this synergy – the interaction of multiple elements in
a system to produce a combined effect greater than the sum of the
individual elements – that sets us apart and propels our network to
experience incremental success. Learn more at
www.marketsynergy.net.
About Nasdaq
Nasdaq®, Nasdaq-100 Index®; Nasdaq-100®, and QQQ®, are
registered trademarks of Nasdaq, Inc. (which with its affiliates is
referred to as the "Corporations") and are licensed for use by
Aspida. The Product(s) have not been passed on by the Corporations
as to their legality or suitability. The Product(s) are not issued,
endorsed, sold, or promoted by the Corporations. The Corporations
make no warranties and bear no liability with respect to the
product(s).
Media Contact
Ted Johnson, Market Synergy
Group, 1 (515) 777-9143, ted@marketsynergy.net ,
https://marketsynergy.net/
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SOURCE Aspida Life Insurance Company