Index Annuities

The upside of the market with none of the downside: has there ever been a simpler, more sellable idea than that?

Index Annuities changed the business, but in the nearly 20 years since they first appeared Index Annuities have changed, too. They’ve become complicated, weighed-down with bells and whistles that make a nice advertisement but don’t deliver much customer value.

That’s why Standard Life of Indiana has introduced the MYGIA – the Multi-Year Guaranteed Index Annuity. Gone are the complicated formulations and annual resets, replaced by simple, understandable formulations that are guaranteed not to change.

When the first MYGAs appeared decades ago, the idea that a multi-year interest rate would be guaranteed was a revolution in annuities. Now, the MYGIA locks-in participation rates for the life of the contract. No matter what the markets do, a contract signed is a contract honored. Of course, we can’t guarantee performance in a market-linked annuity; there’s no telling what the market will do. But we can guarantee that your client’s participation rate won’t change. That makes an easier sale and satisfied customers who stay satisfied.

At this point, there’s only one true MYGIA: Strategist. Read about it here.