Investment Product and Service Launches

North American Company Announces New Goldman Sachs Index 

The North American Company for Life and Health Insurance, a member company of Sammons Financial Group Inc., announced a new crediting index sponsored by Goldman Sachs. 

“We consistently listen to agents and advisers to deliver best-in-class solutions to meet the needs of today’s retirees and those facing retirement,” Rob TeKolste, president of Sammons Independent Annuity Group, said in a statement. “We’re thrilled to offer the Goldman Sachs Index as a unique option for customers.” 

The Goldman Sachs Equity TimeX Index offers exposure to the equity market while providing greater option-cost stability through volatility control and an excess return structure.  

The index uses calendar-based signals and price patterns to dynamically adjust exposure to equities at a targeted volatility level of 10%. The index is subject to servicing and rebalancing costs, and a deduction rate that accrues daily is applied. 

Jackson Enhances Perspective Variable Annuity Benefit Suite 

Jackson National Life Insurance Co., the main operating subsidiary of Jackson Financial Inc., announced the launch of Flex Suite, a menu of add-on living benefits available within its Perspective family of variable annuity products.  

Flex Suite includes 14 options of add-on living benefits. Each option has been enhanced from the features previously available through the former LifeGuard Suite of living benefits. 

The Flex Strategic Income benefit helps clients who need more income early in retirement. This new benefit guarantees higher withdrawal rates for a defined period, enabling clients to better plan for retirement income by adding further protection against potential market volatility early in retirement. 

“Our competitive variable annuity products continue to be a key differentiator for Jackson, and we remain committed to our core value proposition of offering investment freedom so clients can invest without restrictions,” Brian Sward, head of product solutions for Jackson National Life Distributors LLC, said in a statement.  

Altruist Launches Multiple Account Bundling 

Altruist Corp., a modern custodian for independent RIAs, has launched multiple account bundling, an enhancement to its onboarding process designed to eliminate repetitive tasks. 

The enhanced digital experience spares advisors from repeatedly entering client details when opening accounts. With one email, advisers can prompt clients to open multiple accounts—including individual, joint, retirement, trust and custodial—in significantly fewer steps. 

“Simple, efficient processes help RIAs improve their operations and better serve their clients,” Harpreet Ahluwalia, Altruist’s chief product officer, said in a statement. “We will continue building the product that RIAs deserve so they can focus more on the work that matters: delivering exceptional financial advice and service.”