APRIL 1, 2021, FRANKFORT, KY – Investors Heritage Life Insurance Company (“Investors Heritage”) today announced the launch of a new fixed index annuity – the Heritage Income Advantage (“HIA”) – to help policyholders protect assets from market downturns, grow retirement savings, and secure a lifetime income stream.
“We are excited to launch this new, industry-leading product on this 60th anniversary of our first insurance policy sale,” said Robert M. Hardy Jr., Chief Executive Officer of Investors Heritage. “We built the HIA in a way that’s both easy to understand and sophisticated enough to meet long-term retirement income needs. It’s a testament to our enduring values of client focus and reliable products that define Investors Heritage.”
The HIA offers a Guaranteed Lifetime Withdrawal Benefit Rider, which provides a guaranteed income stream that cannot be outlived, and breaks new ground with its Enhanced Income Benefit Rider, which can double income for up to 60 months when certain unexpected health situations occur.
“On top of the market-leading income benefit, the HIA offers our policyholders the peace of mind to know that if their health declines, they can access additional income to help cover those associated costs,” said John F. Frye, President of Investors Heritage. “Not only can the Enhanced Income Benefit be used for five years nonconsecutively, but more importantly, from a joint-income perspective, you and your spouse can use it, so that when either of you have added hospital or home-healthcare costs, you have additional income during that period.”
A single-premium, deferred, fixed index annuity, the HIA allows policyholders to realize upside potential based on three index options:
- S&P 500
- S&P MARC 5% (Multi-Asset Risk Control) Index
- SG Entelligent Agile 6% VT Index
Société Générale partnered with Entelligent, a leader in environmental and economic analytics, to launch the SG Entelligent Agile 6% VT Index. The index uses Entelligent’s Smart Climate model to score companies in the S&P 500 based on the potential impact from new environmental-focused regulation and technology as well as forecasted energy costs. The index provides exposure to the 250 companies in the S&P 500 with the highest scores – helping policyholders bring their support for environmental sustainability into their retirement planning.
“Persistent market volatility can create significant uncertainty around retirement income opportunities,” said Rudy Sahay, Chairman of Investors Heritage and Managing Partner of Aquarian Holdings. “That’s why we are expanding our retirement solutions to offer a better option to create additional income in retirement. The HIA is another example of our ongoing commitment to provide innovative, problem-solving solutions for our customers.”
About Investors Heritage
Investors Heritage Life Insurance Company offers its policyholders a wide range of insurance solutions backed by a track record of exceptional service. Founded in 1960 and headquartered in Frankfort, Kentucky, the company has a rich and growing tradition of providing tools to help people build and manage their legacies as a leader in preneed and final expense policies, and through its new retirement and wealth management offerings. For more information, please visit https://investorsheritage.com/.
About Aquarian Holdings
Aquarian Holdings is a diversified holding company with interests in businesses including insurance, asset management, real estate, and technology. We draw on our decades of collective experience to provide debt and equity capital solutions that meet the objectives of our partners and portfolio companies. For more information, please visit www.aquarianlp.com.
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