Constellation Launches AuguStar Annuity Business

July 25, 2023 by Allison Bell

Constellation Insurance today said its new AuguStar insurance business will sell a full line of individual annuities, not just life insurance.

Constellation — the company that acquired Ohio National in 2022 and promised to invest $500 million in reviving it — said the AuguStar Retirement division will write non-variable indexed annuities, multi-year guaranteed annuities, traditional variable annuities and registered index-linked annuities.

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Sheryl Moore, an annuity market analyst and data provider at Wink, said she has known the top AuguStar managers for years.

“I have confidence that they will regain the trust of distribution,” Moore said.

Originally Posted at ThinkAdvsior on July 19, 2023 by Allison Bell.