Week in Review – 1/17/2024

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Weekly Summary

Annuity illustrations undergo annual updates and as of this April, many index strategies will see their illustrated rates decrease; we dig into the why. Global Atlantic adds additional optionality onto their already-existing product suite, while two Sammons Financial companies, North American and Midland National, pull back on both rates & income. Carriers remain optimistic about the growth potential of RILAs with living benefits, further demonstrated by Principal’s recent filing of their new Strategic Income offering. We shine a spotlight on the best performing engineered index of 2023, Barclays US Tech 12%, but as is the case with all engineered indices, raw performance is only one piece of the return puzzle.

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