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By 
March 29, 2022 at 03:14 PM
What You Need to Know
- The new Guardian contracts offers an optional guaranteed living benefit rider.2
- Producers Choice Network will offer Jackson annuities aimed at fee-based advisors.
- Halo has connected with Pacific Life annuities, and Signal Advisors has connected with Annexus.
The Guardian Life Insurance Company of America has looked at the ups and downs in the stock market and decided to offer annuity benefits guarantees anyway.
The New York-based insurer introduced its first non-variable indexed annuity, the Guardian Secure Index Annuity contract, earlier this week.
The annuity protects holders against losing account value as a result of investment market turmoil.
The investment index menu includes the S&P 500 stock index, the AB Global Allocator Index and the PIMCO Balanced Allocation Plus Index.
An optional guaranteed living benefits rider, the Guardian Income Magnifier Rider, can keep a contract’s guaranteed level of annuity income from falling during the life of the contract.
An annuity buyer who wants inflation protection might be able to use the rider to provide that.
A Guardian subsidiary, The Guardian Insurance & Annuity Company, backs the rider.
Guardian is selling the new product through registered representatives affiliated with its Park Avenue Securities arm.
