MADISON, Wis., Sept. 21, 2020 /PRNewswire/ — CUNA Mutual Group, a number one insurance coverage and monetary providers firm, introduced right now the launch of its new MaxProtect™ Fastened Annuity, a multi-year assured annuity offering buyers a assured price of return whereas defending their nest egg from market volatility. MaxProtect™ joins CUNA Mutual Group’s already-robust portfolio of annuities, which had fourteen mentions in Barron’s 2020 High 100 Annuities checklist.
MaxProtect™ is designed with transparency and ease in thoughts, whereas nonetheless permitting clients the pliability to fulfill their retirement objectives. Product options embody:
- Assured rate of interest intervals of three, 5, or 7 years
- A market value adjustment and guide value model
- An optionally available return of principal assure
- The choice to obtain payouts on a hard and fast installment or mounted life foundation
“If the previous 9 months have taught us something, it is that few issues in life are assured,” mentioned Dave Hanzlik, Vice President of Annuity and Retirement Options, CUNA Mutual Group. “With market ups-and-downs persevering with to roil the financial system, many buyers in or nearing retirement concern a market downturn will trigger them to lose the cash they labored so exhausting to save lots of. However MaxProtect™ gives a vital protection towards right now’s volatility, providing assured progress and safety from financial uncertainty. We’re happy so as to add this product to our suite of annuities and additional broaden the choices out there to our clients to assist them work in the direction of a safer retirement.”
Accessibility can also be an vital function for MaxProtect™. With the minimal buy quantity beginning at $10,000 and no charges, clients are in a position to clearly perceive what they’re paying for and what to anticipate.
“One among CUNA Mutual Group’s core philosophies helps folks construct a brighter monetary future, and we consider the easiest way to try this is to supply easy-to-understand, no-gimmicks automobiles in order that clients can extra successfully plan and work in the direction of their retirement objectives,” added Hanzlik.
At the moment out there in 44 states, MaxProtect™ is underwritten by CMFG Life Insurance coverage Firm, a subsidiary of CUNA Mutual Group. To be taught extra about CUNA Mutual Group’s annuity merchandise, go to cmannuities.com.
About CUNA Mutual Group
With roots within the monetary establishment area, CUNA Mutual Group gives modern merchandise that assist take the chance out of retirement. Devoted to understanding wants of advisors and the shoppers they serve; we work in new methods to cut back the complexity and concern of economic planning. Our annuities are designed to assist meet accumulation, earnings and legacy planning wants, whereas offering stability, accessibility and a excessive stage of help to assist buyers obtain monetary safety. Study extra at cmannuities.com.
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CUNA Mutual Group is the advertising and marketing identify for CUNA Mutual Holding Firm, a mutual insurance coverage holding firm, its subsidiaries and associates. Annuities are issued by CMFG Life Insurance coverage Firm (CMFG Life) 2000 Heritage Manner, Waverly, IA, 50677. CMFG Life is a stock insurance coverage firms. Funding and insurance coverage merchandise aren’t federally insured, may contain funding danger, may lose value and aren’t obligations of or assured by any depository or lending establishment. All contracts and kinds may differ by state and may not be out there in all states or by way of all dealer/sellers. Base Coverage Types ICC20-SPDA, 2020-SPDA, ICC20-ROPGEND, 2020-ROPGEND, ICC20-MVAEND, 2020-MVAEND.
CMP-3215314.1-0820-0922 © CUNA Mutual Group 2020
SOURCE CUNA Mutual Group