US-based retirement, life insurance and reinsurance company Global Atlantic Financial Group (GAFG) has launched an indexed universal life policy.
Dubbed Global Accumulator IUL, the policy is issued by GAFG subsidiary Accordia Life and Annuity Company.
Go deeper with GlobalData
It offers different indexed strategies, including two SMART Buy-Up Add-On options.
These are SMART Buy-Up Secure and SMART Buy-Up Performance.
Usually, the Buy-Up option is said to strengthen the policy’s accumulation potential for an additional cost.
The SMART option of Global Atlantic is designed to withstand charges associated with Buy-Up strategies.
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 GlobalDataSMART Buy-Up Secure offers a 25% Add-On to any indexed interest credit received.
On the other hand, SMART Buy-Up Performance provides a 100% Add-On.
The new policy also offers a fixed-term strategy.
Global Atlantic life president Dave Wilken said: “Global Accumulator is designed for individuals looking for greater accumulation potential while maintaining flexibility and downside protection.”
Global Accumulator includes a ‘Linked Loan’ interest rate option from its previous product offerings. This option enables one to earn loan interest linked to index performance.
The policy suite also includes a ‘Wellness for Life’ rider. It offers insurance discounts to policyholders who visit a doctor once yearly and maintains their weight with a range determined at policy issue.
