TruStage Launches Flexible ZoneChoice Advantage Annuity for Retirement Planning
TruStage, a recognized insurance and financial services provider, has introduced the ZoneChoice Advantage Annuity, a new registered index-linked annuity (RILA) designed to enhance retirement planning opportunities for investors. Underwritten by MEMBERS Life Insurance Company, this product integrates innovative crediting strategies termed Boost and Dual Step, aimed at providing the potential for positive returns even in down or flat market conditions. Boost strategy enables investors to benefit from market upswings while supporting returns during adverse market scenarios. Dual Step strategy guarantees a positive return when market performance surpasses the buffer, delivering steady growth in slightly negative or neutral markets.
The annuity also broadens its eligibility by including inherited Individual Retirement Accounts (IRAs) subject to the 10-year distribution rule, making it a relevant tool for estate planning. It offers a choice among three indices and various options to balance risk and return, with customizable strategies allowing investors to adjust according to their changing market outlooks. This flexibility is positioned to accommodate diverse risk tolerances and investment goals.
TruStage emphasizes that ZoneChoice Advantage combines simplicity with effective growth potential, aimed at supporting a confident financial future across different investor profiles. The product disclosures highlight that while asset allocation and diversification are integral, they do not ensure profits or prevent losses, reflecting standard industry risk considerations. Prospective buyers are advised to carefully review the product prospectus for detailed information on objectives, risks, charges, and expenses.
MEMBERS Life Insurance Company issues the annuity, with distribution handled by CUNA Brokerage Services, Inc., ensuring regulatory compliance and standardized product availability across states. The product suits investors seeking retirement income solutions with downside protection features and flexible market participation. TruStage's introduction of this annuity aligns with its strategic focus on delivering accessible financial products to mid-market consumers, supporting long-term financial security.