Barclays Transitions Indices, Available Exclusively on North American Annuities, win 2024 Annuity Index of the Year by SRP Americas
WEST DES MOINES, Iowa--(BUSINESS WIRE)--North American Company for Life and Health Insurance® (North American), a member company of Sammons® Financial Group and one of the largest issuers of fixed index annuities (FIAs) in the U.S.1, announces that the Barclays Transitions Indices, available exclusively on their suite of fixed index annuities, has won “Annuity Index of the Year” by SRP Americas.
“Our goal when designing the Barclays Transitions Index was to build upon Academic Research that demonstrates that certain market inputs help identify standard, inflationary or cooling economic environments – or scenes – for the index to transition between these scenes accordingly while maintaining a high equity exposure at all times”
The Barclays Transitions Indices seek to provide investors with consistent exposure to equities and a dynamic combination of commodity and fixed income assets.
The Indices aim to provide broad-based exposure to US equities while seeking to stabilize performance throughout each economic cycle by incorporating commodities and longer duration US treasuries. Each index transitions between allocation Trend Scenes based on market conditions using exclusive Dynamic Trend RotationTM.
To further control risk, the Barclays Transitions 6% VC IndexTM aims to limit its annual volatility to a 6% target and the Barclays Transitions 12% VC IndexTM aims to limit its annual volatility to a 12% target using Barclays’ proprietary intraday volatility forecasting technology.
“These innovative indices have struck a chord with producers and customers, and we’re proud to receive this recognition from SRP Americas,” said Kevin Mechtley, vice president of business development and chief innovation officer at Sammons Financial Group. “We look forward to continuing to deliver best-in-class solutions for our partners through our strong innovation and product-focused strategy.”
“Our goal when designing the Barclays Transitions Index was to build upon Academic Research that demonstrates that certain market inputs help identify standard, inflationary or cooling economic environments – or scenes – for the index to transition between these scenes accordingly while maintaining a high equity exposure at all times,” said Marie-Laure Chandumont, Managing Director at Barclays. “While we were adamant to keep the story simple, the index still uses our latest VolcastTM technology to help the index transition faster between scenes and therefore provide the most upside to policyholders.”
The Barclays Transitions Indices are available on top-selling products – including Income Pay ProSM, NAC BenefitSolutions® 10, North American Charter® Plus, and NAC Control. X fixed index annuities.
About North American Company for Life and Health Insurance
North American Company for Life and Health Insurance® is a member of Sammons® Financial Group, Inc. They offer a comprehensive portfolio of term, universal life, and indexed universal life insurance products, as well as a wide variety of traditional fixed and fixed index annuities. North American is a stable, A+ rated2, and employee-owned company. Learn more about North American.
About Barclays
Our vision is to be the UK-centered leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading global investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients and communities. The Investment Bank helps money managers, financial institutions, governments, supranational organisations and corporate clients manage their funding, investing, financing, and strategic and risk management needs. www.barclays.com/ib
PR-139-10-24
1 Wink’s Sales & Market Report and LIMRA/Secure Retirement Institute.
2 A.M. Best Company rating—effective August 13, 2024 A+ (Superior) is the 2nd of 15 categories.
Sammons Financial® is the marketing name for Sammons® Financial Group, Inc.’s member companies, including North American Company for Life and Health Insurance®. Annuities and life insurance are issued by, and product guarantees are solely the responsibility of, North American Company for Life and Health Insurance®.
Fixed index annuities are not a direct investment in the stock market. They are long term insurance products with guarantees backed by the issuing company. They provide the potential for interest to be credited based in part on the performance of specific indices, without the risk of loss of premium due to market downturns or fluctuation. Although fixed index annuities guarantee no loss of premium due to market downturns, deductions from the accumulation value for optional benefit riders or strategy fees or charges associated with allocations to enhanced crediting methods could exceed interest credited to the accumulation value, which would result in loss of premium. They may not be appropriate for all clients. Interest credits to a fixed index annuity will not mirror the actual performance of the relevant index.
While we are featuring these indices, keep in mind that other indexes besides the presented ones are also available and that this should not be viewed as allocation advice.
Neither Barclays Bank PLC ("BB PLC") nor any of its affiliates (collectively, "Barclays") is the issuer or producer of fixed index annuities and Barclays has no responsibilities, obligations or duties to policyholders in fixed index annuities. The Barclays Transitions 12 VC IndexTM and the Barclays Transitions 6 VC IndexTM (the "Indexes"), together with any Barclays indices that are components of the Index is licensed for use by North American Company for Life and Health Insurance ("NACOLAH") as the issuer or producer of fixed index annuities) the "Issuer").
Barclays' only relationship with the Issuer in respect of the Index is the licensing of the Index, which is administered, compiled and published by BB PLC in its roles as the index sponsor (the "Index Sponsor") without regard to the Issuer or the fixed index annuities or policyholders in the fixed index annuities. Additionally, the Issuer may for itself execute transaction(s) with Barclays in or relating to the Index in connection with fixed index annuities. Policyholders acquire fixed index annuities from the Issuer and policyholders neither acquire any interest in the Index nor enter into any relationship of any kind whatsoever with Barclays upon making a purchase in fixed index annuities. Fixed index annuities are not sponsored, endorsed, sold or promoted by Barclays and Barclays makes no representation regarding the advisibility of the fixed index annuities or use of the Index or any data included therein. Barclays shall not be liable in any way to the Issuer, policyholders or to the other third parties in respect of the use or accuracy of the Index or any data included therein.
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