NexAnnuity Unveils NexCompounder Fixed Index Annuity for Retirement Growth

NexAnnuity has launched the NexCompounder Fixed Index Annuity (FIA), a product designed to offer retirement savers growth potential with principal protection and tax-deferred accumulation. The FIA targets investors who want to balance growth opportunities with downside protection, featuring a minimum initial premium requirement of $25,000 and flexibility to add premiums within the first year. This product supports various account types, including IRAs, non-qualified accounts, and employer-sponsored plans, broadening its accessibility to a range of retirement savers. The NexCompounder FIA links to major market indexes like the S&P 500, Nasdaq-100, and Franklin US Core Plus Index, providing interest credited annually based on positive index performance. The crediting strategies employ one-year point-to-point cap and participation rates, and include a guaranteed floor that protects principal even during market downturns. This structure aims to offer a diversified approach to index-linked growth within a secure framework. The product is issued by The Ohio State Life Insurance Company and distributed by NexAnnuity, which operates in most U.S. states except a few including Connecticut, Maine, New York, and Vermont. Ohio State Life operates under Texas jurisdiction and holds a California license. This annuity product is subject to state insurance regulations and guarantees are contingent on the financial stability and claims-paying ability of the insurer. NexAnnuity, headquartered in Dallas, specializes in retirement solutions and is part of a larger network including NexAnnuity Holdings and Ohio State Life Insurance Company. The company distributes annuities and insurance products nationwide through its affiliates and embraces a flexible distribution approach including non-affiliated insurance products. The launch reflects ongoing innovation in retirement products aimed at adapting to changing financial needs and regulatory environments within the U.S. insurance market. The product's design emphasizes principal protection, tax advantages, and diversified market exposure, appealing to U.S. retirees and workers planning for retirement with risk-managed growth strategies. NexPoint, a Dallas-based alternative investment firm with diversified asset class strategies including insurance solutions, is affiliated with NexAnnuity. The company’s broader investment reach supports the development of such insurance products that align with evolving client needs and market conditions. This introduction adds to the competitive landscape of fixed index annuities, providing another option for investors balancing growth and risk in retirement planning.