Talcott Financial Group announced its launch in the retail annuity market segment with three fixed annuity products.
Talcott’s annuity offerings include one multi-year guaranteed annuity and two fixed indexed annuities – one focused on accumulation and the other on guaranteed income.
“Today’s launch of our retail annuity products marks a significant milestone in our growth journey and is a testament to the dedication of our employees,” said Imran Siddiqui, chief executive officer at Talcott. “Our new retail annuity products draw on our over 40-year legacy of providing income solutions for policyholders and aligning our interest with theirs. We see a massive opportunity to bring the core competencies and capabilities we’ve built in risk management and our open-architecture investment management model to the growing retail market and help meet the critical need for principal protection and guaranteed income.”
These products include:
- EverGuard Aspire Series: The EverGuard Aspire Series provides index-linked growth potential with protection from market losses. It’s a long-term solution designed to support accumulation.
- EverGuard Assurance: EverGuard Assurance 10 is designed to protect the policyholder’s premium from market losses while offering growth potential tied to a market index. For income needs, it features guaranteed deferral credits that grow their income base independent of market performance.
- EverStead MYGA: The EverStead MYGA is a multi-year guaranteed annuity that offers a fixed rate of compound interest for the selected term.
“Talcott has a strong value proposition to offer policyholders and agents. We are well positioned to help address the growing demand from retirees and pre-retirees for products like annuities that securely boost income or protect principal in retirement,” said Ryan Lex, head of Retail Distribution at Talcott. “Our comprehensive suite of annuity products, along with our technology-enabled underwriting process, provide a unique value proposition for both policyholders and agents. We’re excited to offer this set of products while streamlining the policy underwriting process.”