Launching a New Era in Retirement Solutions
On February 13, 2024, F&G Annuities & Life, Inc., a leading provider in insurance and retirement solutions, introduced its pioneering Registered Index-Linked Annuity (RILA), named the F&G Confidence BuilderSM. This new product is designed to address common retirement concerns such as market volatility and inflation by providing a balance between risk management and potential for growth. As the RILA market continues to expand, reaching projected sales up to $48 billion, F&G aims to set a new standard in retirement planning with this innovative offering.
Strategic Features of Confidence BuilderSM
Confidence BuilderSM is designed to enhance F&G’s diverse retail product lineup, already recognized for top customer satisfaction by J.D. Power. It incorporates a unique “Top Performance” methodology, which allows clients to manage their investment risk while pursuing higher returns. This approach aligns with the findings from F&G’s Risk Tolerance Tracker, which shows that 77% of American investors are open to some risk if it means potentially higher rewards. This strategy reflects a deep understanding of investor needs for both security and growth in their retirement portfolios.
Hindsight 20⁄20 SM: Optimizing Investment Outcomes
In collaboration with BofA Securities, F&G has developed the Hindsight 20⁄20 SM strategy. This strategy tracks three different indices – the BofA MP Balanced Index, BofA MP Growth Index, and BofA MP Defensive Index – to adapt to varying market conditions. At the end of each crediting period, regardless of market ups and downs, the Hindsight 20⁄20 SM strategy selects the best-performing index to maximize returns for investors. This innovative approach allows clients to benefit from optimal market performance without the need to predict market movements, thus simplifying investment decisions and focusing on personalizing investment strategies to fit individual needs and goals.
These advancements by F&G not only highlight their commitment to providing tailored insurance solutions but also demonstrate a forward-thinking approach in helping clients navigate the complexities of retirement planning. By integrating cutting-edge financial tools and strategies, F&G continues to empower investors to build stronger, more confident retirement strategies.