According to the firm, the new policy offers accumulation and income benefits to the retirement savers.
Featuring five interest crediting options, the Income and WealthBuilder gives seven-year and ten-year surrender schedule option for maximum flexibility.
Go deeper with GlobalData
FGL annuity distribution vice-president Brian Grigg said the company is anticipating strong sales for this important new product.
"Pre-retirees and retirees remain a growing segment of the US population and continue to drive the need for safe accumulation and income guarantees, among other important features that FIAs offer," Grigg added.
The newly introduced policy also offers an optional Guaranteed Minimum Withdrawal Benefit Rider (GMWB) that helps the owner receive the larger of premiums paid in the first contract year.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
