WealthVest, in partnership with Prosperity Life Group, to deliver two new indices from Fidelity Investments
July 18, 2023 by WealthVest
BOZEMAN, Mont., July 7, 2023 /PRNewswire-PRWeb/ — WealthVest, a financial services marketing and wholesaling firm, in partnership with Prosperity Life Group, is please to introduce WealthSecure℠, a fixed indexed annuity offering multiple crediting strategies, including two exclusive indices from Fidelity Investments.
“We are excited to work with Fidelity Investments and Prosperity Life Group to offer competitive principal-protected retirement solutions to financial professionals and their clients,” said Andrew Keizer, Vice President, Marketing, WealthVest.
WealthSecure℠ features 1- and 2-year point-to-point participation rate strategies on both the Fidelity U.S. Quality Factor Index℠ 5% ER and Fidelity Stocks for Inflation Index℠ 5% ER. WealthSecure℠ also introduces QuarterLock℠, a unique crediting strategy which automatically locks in the highest quarterly index value within the indexed term to avoid unexpected index decreases.
“We continuously look for opportunities to leverage our asset management capabilities to help support our clients’ evolving needs,” said Matt Aurelia, Senior Vice President, Fidelity Institutional. “We are excited to expand our relationship with Prosperity Life Group.”
Starting with the top 1,000 U.S. Stocks based on market cap, the Fidelity U.S. Quality Factor Index℠ 5% ER targets companies with quality characteristics. Quality companies tend to have higher profitability, more stable cash flows, and a lack of excessive leverage. This leads to a competitive advantage giving them the potential to outperform their peers over time. The Fidelity Stocks for Inflation Index℠ 5% ER targets U.S. companies that tilt toward inflation sensitive sectors and industries. In an effort to reduce volatility and deliver more consistent returns over time, both indices have a volatility target of 5% that utilizes a daily risk control leveraging 10-year Treasury Futures and Cash.
The new fixed indexed annuity, which will be distributed exclusively by WealthVest’s nationwide wholesaling team, is now available in 43 states through Prosperity Life Group underwriting company S.USA Life Insurance Company, Inc. Consumers will have a choice of 5-, 7-, or 10-year withdrawal charge periods, and an option to add a Guaranteed Lifetime Withdrawal Benefit Rider. The product also comes with a capped annual waiver of withdrawal charge feature, as well as a waiver of withdrawal charge in the event of terminal illness or long-term confinement.
“Prosperity and WealthVest enjoy a strong partnership. We are pleased to expand our joint offerings to include FIA products that may allow consumers to more effectively plan for retirement,” said Nick von Moltke, Prosperity President and CEO.
For more information on WealthSecure℠, rates or the available crediting strategies, contact the WealthVest sales desk at 1-877-595-9325.
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About WealthVest
WealthVest is one of the leading distributors of fixed, fixed indexed, registered index-linked and variable annuities—as well as structured products— to U.S. financial advisors. WealthVest’s leadership is fueled by proprietary thought-leadership, consumer-driven product design expertise, strategic marketing, technology, and specialization in both field and hybrid-based advisor wholesaling. Follow them on Facebook and LinkedIn or visit wealthvest.com.
About Prosperity Life Group, L.L.C.
Prosperity Life Group is an innovative insurance, reinsurance and asset management company. Prosperity’s focus is on providing client-centric products and solutions. Through its insurance business, it provides financial security to individuals and their families through life insurance, asset accumulation and supplemental health products. Together, its underwriting companies have a strong foundation and heritage which date back over 100 years. WealthSecure is offered through underwriting company S.USA Life Insurance Company, Inc. (“S.USA”), form # ICC22FIAPUECS22. S.USA is solely responsible for its contractual and financial obligations.
About the Fidelity Indices
The Fidelity Product Services LLC Fidelity U.S. Quality Factor IndexSM 5% ER Index and the Fidelity Stocks for Inflation IndexSM 5% ER (the “Indexes”) are a product of Fidelity Product Services LLC (“FPS”). Fidelity is a trademark of FMR LLC. The Indexes have been licensed for use by Prosperity Life Group in connection with the WealthSecureSM fixed index annuity series. The Indexes are the exclusive property of FPS and are made and compiled without regard to the needs, including, but not limited to, the suitability needs, of Prosperity Life Group, the WealthSecureSM fixed index annuity series, or owners of the WealthSecureSM fixed index annuity series. The WealthSecureSM fixed index annuity series is not sold, sponsored, endorsed or promoted by FPS or any other party involved in, or related to, making or compiling the Indexes. Prosperity Life Group exercises sole discretion in determining whether and how the WealthSecureSM fixed index annuity series will be linked to the value of the Indexes. FPS does not provide investment advice to owners of the WealthSecureSM fixed index annuity series, nor to any other person or entity with respect to the Indexes and in no event shall any WealthSecureSM fixed index annuity series contract owner be deemed to be a client of FPS.
Neither FPS nor any other party involved in, or related to, making or compiling the Indexes has any obligation to continue to provide the Indexes to Prosperity Life Group with respect to the WealthSecureSM fixed index annuity series. Neither FPS nor any other party involved in, or related to, making or compiling the Indexes makes any representation regarding the Indexes, Indexes information, performance, annuities generally or the WealthSecureSM fixed index annuity series particularly.
FPS disclaims all warranties, express or implied, including all warranties of merchantability or fitness for a particular purpose or use. FPS shall have no responsibility or liability whatsoever with respect to the WealthSecureSM fixed index annuity series. 1086243.1.0
Pull Quote
“Prosperity and WealthVest enjoy a strong partnership. We are pleased to expand our joint offerings to include FIA products that may allow consumers to more effectively plan for retirement,” said Nick von Moltke, Prosperity President and CEO.
Media Contact
Jackson Bolstad, WealthVest Marketing, 1 4062723759, jbolstad@wealthvest.com, https://www.wealthvest.com/
SOURCE WealthVest Marketing
Wink’s Moore on the Market: Makes you wonder if field marketing organizations are getting paid bps on allocations to certain indices, doesn’t it?
What would the implications of THAT be?!? -sjm
