Week in Review – 1/10/2024
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Guaranteed Minimum Values start to make a comeback as GMV Interest Rates move to 3% for many life insurers in 2024. North American boosts bonuses on both Charter Plus and Secure Horizon. Fidelity – yes, that Fidelity – files for its own MYGA, potentially angling for the some $20B of MYGA business facilitated by the Fidelity Insurance Network. Guaranteed Caps continue to proliferate with Kuvare and ForeThought filing for “locked” cap strategies. Modern Woodmen gets into FIA with only Franklin indices. Aspida and EquiTrust file new crediting strategies for FIA and SILAC receives approval for 5 year variants.
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