North American Company Enhances Fixed Index Annuities with NYSE GEARS

North American Company for Life and Health Insurance, a leading issuer of fixed index annuities in the United States, in collaboration with Annexus, a key player in insurance retirement product design, has elevated its North American Secure Horizon suite of fixed index annuities by incorporating the NYSE GEARS Index. This strategic integration aims to optimize growth through AI-driven prior authorization delays and is tailored to current global equity market conditions, utilizing a proprietary risk management strategy to minimize volatility.

The NYSE GEARS Index, managed by ICE Data Indices, a division associated with the New York Stock Exchange, is innovatively designed by Deutsche Bank AG, recognized for its expertise in equity risk management. According to Rob TeKolste, President of Sammons Independent Annuity Group, the inclusion of this index seeks to provide both agents and clients with enhanced customization and flexibility, broadening growth opportunities amid market fluctuations. With a low correlation to other indices in the portfolio, it offers clients better diversification options.

Strategic Industry Collaboration

Preston Peacock, Head of ICE Data Indices, underscored the importance of the strategic partnership with Annexus, Deutsche Bank, and North American Company, aimed at expanding the range of services available within the Secure Horizon FIA suite. These annuities are positioned as robust long-term insurance solutions, protecting premiums against market downturns while offering potential interest credits based on index performance.

Investors should be aware that additional charges for optional benefit riders may offset interest credited, potentially leading to a loss of premiums. It's crucial to note that these products are not direct stock market investments and may not fit all clients' needs. North American Company for Life and Health Insurance is responsible for issuing these annuities, with guarantees backed solely by the company. Annuity availability is subject to state-specific regulatory compliance requirements.

Further details on the NYSE GEARS Index can be found on the NYSE website. For additional information or inquiries, please contact the media representative at Annexus.