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New S&P 500® IQ Index Options Coming to Growth Commander® in 11 More States!
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Help clients capitalize on an index that’s structured to provide dynamic exposure to the S&P 500 with
new S&P 500 IQ Index*
options coming to Growth Commander fixed indexed annuities in Delaware, Georgia, Iowa, Idaho, Illinois, New Jersey, North Dakota, Oklahoma, Oregon, Vermont, and Wyoming December 18, 2023!
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With only S&P 500 and cash components, the S&P 500 IQ Index employs a simple, transparent design. It uses an intraday methodology that helps reduce lag time, allowing for potentially greater precision and responsiveness in volatility management. This responsive design may allow for higher caps and participation rates and improved renewal rate stability. One-year point-to-point versions with cap or participation rate will be offered.
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Built by S&P Dow Jones Indices, a name you can trust,
and available on FIAs backed by “A” rated** Americo Financial Life and Annuity Insurance Company,
the new S&P 500 IQ Index provides you with a fantastic new selling proposition for clients!
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Although new product training is not required, Producers
are encouraged to review the
Growth Commander sales guide for details on the new index.
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Discontinued Index Options—To
make room for the S&P 500 IQ Index options,
the following index options will be discontinued on Growth Commander in the above states,
effective with applications signed on or after
Friday, December 15, 2023:
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1-Yr S&P 500 Point-to-Point With Participation Rate
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1-Yr S&P MARC 5% Point-to-Point With Participation Rate
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5-Yr SG Global Balanced Index Value Lock Annual Sum With Participation Rate and Cap
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6-Yr SG Global Balanced Index Value Lock Annual Sum With Participation Rate and Cap
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Deadline Information—To offer the discontinued index options with Growth Commander,
applications must be received by Americo by 5 p.m.,
Central, Friday, December 15, 2023.
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| Please submit applications via: |
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FireLight®
e-app platform (preferred method). Access through the
LegacyNet®
Point-of-Sale Materials page.
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Regular mail: Americo, PO Box 410288, Kansas City, MO 64141-0288.
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Overnight delivery: Americo, 300 W. 11th Street, Kansas City, MO 64105-1618.
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Fax: 800-395-9261.
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Email: submit@americo.com.
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| For more information, please contact your IMO. |
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Growth Commander Forms:
Series 319, 4204, 4139, 2508. AAA319-6 (12/22), AAA319-6 DP (06/23), AAA319-10 (12/22), AAA319-10 DP (06/23); ICC22 319-6, ICC23 319-6 DP, ICC22 319-10, ICC23 319-10 DP, AAA4204, AAA4139 (05/06), AAA2508 PTPP (02/22), AAA2508 PTPP WF (02/22), AAA2508 PTPC (02/22), AAA2508 PTPC WF (02/22), AAA2508 PTPPG (02/22), AAA2508 PTPPG WF (02/22); ICC19 4204, ICC22 2508 PTPP, ICC22 2508 PTPP WF, ICC22 2508 PTPC, ICC22 2508 PTPC WF, ICC22 2508 PTPPG, ICC22 2508 PTPPG WF.
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The
“S&P
500®”,
“S&P MARC 5%”, and
“S&P 500 IQ 0.5% Decrement Index”
(“S&P 500 IQ Index” or the “Index”)
are products of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”)
and have been licensed for use by Americo Financial Life and Annuity Insurance Company. S&P®, S&P 500®, US 500, The 500, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). Americo’s Fixed Indexed Annuities are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500®, S&P MARC 5% and S&P 500 IQ Index.
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The Global Balanced Index (“Index”)
is the exclusive property of SG Americas Securities,
LLC (together with its affiliates, “SG”).
SG has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P”)
to maintain and calculate the Index. “SG Americas Securities, LLC”, “SGAS”, “Société
Générale”, “SG”, “Global Balanced Index”, et al. (collectively, the “SG Marks”)
are trademarks or service marks of SG. SG has licensed use of the Index and the SG Marks to
Americo Financial Life and Annuity Insurance Company (“Americo”)
for use in fixed indexed annuities. Neither SG, S&P, nor any other third-party licensor has been authorized
to act as an agent of Americo or has in any way sponsored, endorsed, sold, promoted, structured or priced
any fixed indexed annuity or provided investment advice to Americo. Such parties make no representation regarding
the advisability of purchasing, selling, or holding product linked to the Index,
including Fixed Indexed Annuities and shall not be liable for any related loss or payment thereof.
Obligations to make payments under the Fixed Indexed Annuities are solely the obligation of Americo.
Neither Americo nor SG are obligated to invest annuity payments in the components of the Index.
The Index levels are net of a 0.50% annual maintenance fee, calculated and deducted daily.
The Index also deducts fees to cover rebalancing, replication, and other costs.
The total amount of these fees is unpredictable and depends on a number of factors,
including the leverage of the Index, which may be as high as 200%.
These fees and costs, which are increased by the Index’s leverage,
will reduce the potential positive change in the Index and increase the potential negative change in the Index.
While the volatility control applied by the Index may result in less fluctuation in rates of return as
compared to indices without volatility controls, it may also reduce the overall
rate of return as compared to products not subject to volatility controls.
Additional information is available at
https://sg-global-balanced.com/.
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The S&P 500 IQ Index is also known as the S&P 500 IQ 0.5% Decrement Index.
Decrement indices are used to provide more stabilized index pricing.
In exchange for this benefit,
published index values are net of a fixed fee,
which is 0.5% on the S&P 500 IQ 0.5% Decrement Index.
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Rating for Americo Financial Life and Annuity Insurance Company (Americo), September 2022.
Americo Financial Life and Annuity Insurance Company has a financial strength rating of
A (Excellent, 3rd out of 15 rating categories).
AM Best’s rating is assigned after a comprehensive quantitative and qualitative evaluation
of a company’s balance sheet strength, operating performance, and business profile.
AM Best uses a scale of 15 ratings, ranging from “A++” to “F.”
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AF1654v1123
22-600-44 (11/23) |
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FOR AGENT USE ONLY. NOT FOR USE WITH CONSUMERS. |
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