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Financial services

TruStage Launches ZoneChoice Advantage Annuity with New Crediting Strategies

Strategic Insights

— 1 min read

TruStage, a leading insurance and financial services provider, has announced the launch of a new retirement solution, the ZoneChoice Advantage Annuity, underwritten by MEMBERS Life Insurance Company. This new annuity offers two innovative crediting strategies, Boost and Dual Step, which aim to provide investors with the possibility of achieving positive returns in down markets. The product also expands eligibility to include inherited IRAs for beneficiaries subject to the 10-year distribution rule, providing an important enhancement for estate planning needs.

Key Takeaways:

  • The ZoneChoice Advantage Annuity offers two new crediting strategies, Boost and Dual Step, which can help investors achieve positive returns in down markets.
  • Boost allows customers to capitalize on the market's upside while boosting returns in down or flat markets.
  • Dual Step allows investors to achieve a guaranteed positive return if the market return is higher than the buffer, providing consistent growth even if the market is down slightly or flat.
  • ZoneChoice Advantage expands eligibility to include inherited IRAs for beneficiaries subject to the 10-year distribution rule.
  • The product offers three indices and a variety of ways to balance upside potential with a measure of downside protection.
  • Investors have the flexibility to adjust strategies if their investment outlook changes.
  • The annuity is designed to provide peace of mind and opportunity for meaningful returns, regardless of market conditions.
  • Asset allocation and diversification do not guarantee a profit or prevent a loss.

Statistics:

  • The ZoneChoice Advantage Annuity offers three indices to investors.
  • The annuity is designed to provide a guaranteed positive return in certain market conditions.
  • Inherited IRAs are now eligible for the ZoneChoice Advantage Annuity.
  • The product offers a variety of ways to balance upside potential with a measure of downside protection.
  • Investors have the flexibility to adjust their strategies if their investment outlook changes.

Sources:

  • TruStage press release
  • MEMBERS Life Insurance Company
  • TruStage website (https://www.trustage.com/zonechoice-advantage-pro)

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