AuguStar Retirement Introduces Variable Annuity
AuguStar Retirement has expanded its annuity lineup with the launch of StarStream Variable Annuity, a new solution designed to support retirement income planning for clients with varying goals and timelines.
“StarStream reflects our commitment to supporting our clients and financial professionals as a long-term retirement and income planning partner, with a comprehensive lineup and a streamlined, client-focused experience,” said Cliff Jack, president and CEO, AuguStar Retirement.
Designed to support confident retirement income planning, StarStream offers income approaches within one product framework.
“StarStream was developed to offer clients maximum flexibility and choice,” said Marc Socol, chief revenue officer, AuguStar Retirement. “By offering multiple income designs on one chassis, we’re giving clients and their financial professionals the ability to tailor solutions more efficiently while simplifying planning and implementation, all in one product set.”
The StarStream Variable Annuity offers four income benefits on a single chassis, allowing financial professionals to select one living benefit at issue. These include:
Daily: Looks back at daily step-ups to capture market gains, allowing a potentially greater benefit base
Level: Designed to provide steady, predictable lifetime income
Protector: Combines steady lifetime income with an enhanced protected death benefit to support legacy goals
Boost: Offers higher withdrawals earlier in retirement, with lower withdrawals later
Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news.