NexAnnuity Launches NexCompounder FIA for Diversified Retirement Growth

NexAnnuity has introduced the NexCompounder Fixed Index Annuity (FIA), a retirement product designed to offer growth potential, principal protection, and tax-deferred accumulation. This FIA targets investors seeking a balanced approach between market growth and capital preservation, with a minimum initial premium of $25,000 and flexibility for additional contributions in the first year. It supports various plan types, including IRAs, non-qualified accounts, and employer-sponsored plans, broadening accessibility for different retirement savers. The product offers diversification through index options tied to the S&P 500®, Nasdaq-100® (with 12% volatility control), and the Franklin US Core Plus Index (with 7.5% volatility control), emphasizing a balance between growth and risk management. Interest crediting is annual and contingent on positive index performance, with mechanisms like cap rates and participation rates, while a guaranteed floor protects the principal against market downside. Additional contract features include tax-deferred growth on earnings, allowance for 10% free withdrawals annually after the first year, a death benefit paying the full accumulation value to beneficiaries, and account reallocation flexibility each contribution anniversary. These elements provide both adaptability and potential income security for policyholders. The Ohio State Life Insurance Company, licensed in several states with some exceptions, issues the NexCompounder FIA, underscoring regulatory considerations for availability. NexAnnuity, headquartered in Dallas, Texas, manages the distribution and product development, alongside its affiliates. The product aligns with a wider strategy of delivering adaptable retirement solutions in a shifting financial environment. NexAnnuity is part of NexPoint, an investment firm with a diverse asset portfolio including real estate and insurance solutions, supporting its capacity to innovate within the insurance and retirement product space. The introduction of the NexCompounder FIA reflects ongoing industry trends toward indexed annuities that offer downside protection combined with growth potential, appealing to a broad range of retirement savers amidst market volatility.