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RetireOne — an arm of Aria Retirement Solutions — is working with Protective Life Corp. and Midland National Life Insurance Company to roll out two new, fee-based annuities.

The firm is teaming with Protective to introduce the Protective Investors Benefit Variable Annuity contract and also is teaming with Midland National to introduce the IndexMax ADV contract.

(Related: RetireOne Adds Fee-Based Pacific Life Annuities: Annuity Moves)

RetireOne is a San Francisco-based platform, or exchange, for commission-free insurance and annuity products. The platform has relationships with about 900 RIAs and fee-based advisors. Those financial professionals are using RetireOne to serve clients with about $1 billion in retirement savings and income investments, according to the firm.

Protective is a Birmingham, Alabama-based arm of Dai-ichi Life Holdings of Tokyo. Midland National is a West Des Moines, Iowa-based arm of Sammons Financial Group of West Des Moines, Iowa.

The new RetireOne-Protective variable annuity is a flexible-premium deferred variable annuity. The contract has a mortality and expense charge equal to 0.3% of the contract value.

The subaccount menu includes options from Vanguard and DFA, according to RetireOne and Protective.

Protective is issuing the contract in most of the country through Protective Life Insurance Company of Brentwood, Tennessee, and in New York state through Protective Life & Annuity Insurance Company of Birmingham, Alabama.

The new RetireOne-Midland National indexed annuity can offer annual performance credits and 5-year or 7-year term participation credits, according to RetireOne and Midland National.

The IndexMax ADV links crediting rates to the performance of the Fidelity Multifactor Yield Index 5% ER and the S&P 500 Low Volatility Daily Risk Control 5% Index ER.

The IndexMax ADV contract includes a waiver provision that lets the holder make a penalty-free withdrawal of the assets after the first contract year if the holder becomes confined in a nursing facility for 90 consecutive days.

In other annuity move news:

AIG Life & Retirement, New York, a division of American International Group, has introduced the Power Index Premier NY Index Annuity with Lifetime Income Builder.

The contract is the only indexed annuity available in New York state that offers purchasers access to a guaranteed living benefit (GLB) rider, according to AIG Life & Retirement.

The Lifetime Income Builder GLB rider will deliver lifetime income that is guaranteed to grow every year that income is deferred, by 0.15% per year, for up to 15 years, according to AIG Life & Retirement.

When the contract holder is ready to take out income, the GLB rider will pay out a lifetime stream of income, the company says.

The contract holder can tie growth in the contract value to the performance of three  investment index choices: the S&P 500 index, the Russell 2000 index and the MSCI EAFE index.

AIG Life & Retirement is issuing the new annuity through The U.S. Life Insurance Company in the City of New York.

AIG Life & Retirement also offers a variable annuity contract and a fixed annuity that provide access to guaranteed living benefit riders, the company says.

Equitable, New York, is making eight new contract value allocation strategies available with its Structured Capital Strategies PLUS buffered annuity, or registered index-linked annuity (RILA).

A RILA is an indexed annuity that’s registered with the U.S. Securities and Exchange Commission as a variable insurance product.

One new value allocation option is the Enhanced Upside option. That option lets a contract holder capture up to 125% of the positive return of the S&P 500 benchmark index, and can buffer the holder against 10% drop in the index, according to Equitable.

Equitable is also adding buffering options for the Russell 2000 index, the MSCI EAFE index, the Nasdaq-100 index and the MSCI Emerging Markets index.

Equitable is part of Equitable Holdings. It writes the RILA contract through Equitable Financial Life Insurance Company of New York.

Fiduciary Exchange (FIDx), of Berwyn, Pennsylvania, says it has formed a strategic partnership with Halo Investing, Chicago.

FIDx runs the FIDx Insurance Exchange. Halo runs an exchange, or platform, for the structured note market.

A structured note combines a derivative arrangement with a note or bond. The note or bond helps guarantee the investor’s principal. The derivative, such as a derivative linked to the performance of the S&P 500 stock index, is supposed to give the investor a chance to earn extra income.

FIDx will help make annuities available to the financial advisors, wealth managers and registered investment advisors who use the Halo platform, according to FIDx.

FIDx says it offers a menu of commission-based annuities and fee-based annuities from AIG Life & Retirement, Allianz Life, Brighthouse Financial, Global Atlantic Financial Group, Jackson National Life Insurance, Nationwide, Prudential Financial and Transamerica.

— Read Two-Thirds of RIAs Open to Recommending Annuities: Surveyon ThinkAdvisor.

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