Product & Service Launches

AllianzIM Launches Buffer Allocation ETFs

Allianz Investment Management LLC, a subsidiary of Allianz Life Insurance C. of North America, has launched a suite of Buffered Allocation exchange-traded funds.

The AllianzIM 6 Month Buffer10 Allocation ETF and the AllianzIM Buffer20 Allocation ETF are designed to provide the benefits of buffered ETFs without the time and resources required to monitor multiple funds, with each having a single ticker on the New York Stock Exchange.

As funds of funds, the buffered allocation ETFs seek to provide capital appreciation with downside risk mitigation. The funds invest in a laddered portfolio of AllianzIM Buffer ETFs, with underlying ETFs having either a 12- or six-month outcome period. Each month, one of the underlying ETFs resets back to a full 10% or 20% buffer and adjusts the cap based on market volatility for the new outcome period.

The ETFs are offered at an expense ratio of 79 basis points annually.

Ibexis Life & Annuity Announces New Fixed-Index Annuity Series

Ibexis Life & Annuity Insurance Co. has announced its WealthDefender Series.

The series offers guaranteed participation rates or an enhanced bonus option, as well as a bailout rate and full liquidity for disability, nursing home confinement or terminal illness care. Crediting strategies include the S&P 500, as well as two proprietary indices.

The WealthDefender Series will be offered through select distribution partners operating in the 45 states in which Ibexis has insurance licenses.

Payroll Provider Green Leaf Launches Cannabis Industry 401(k)

Green Leaf Business Solutions, a human resources and payroll solutions company for the cannabis industry, has launched GreenPath 401k, a retirement plan solution for the cannabis industry. 

Green Leaf calls the plan the first to offer cannabis businesses a retirement plan solution for employees. First Citizens Bank is the custodial agent and banking partner for the plan.

“We believe every employee, regardless of the industry they work in, deserves access to a top-tier retirement plan,” says Tyler Priest, Green Leaf Business Solutions’ chief revenue officer. “We spent years perfecting a program that adhered to federal and state guidelines, clearing the way for institutional grade 401(k) providers to work within this unique market segment.”

Green Check, a cannabis banking firm, is providing the account onboarding and verification services for the plan.

GreenPath 401k is a member of the National Association of Cannabis Compliance, working to offer retirement security in the industry.