The Standard Adds an Annuity for Clients Who Like Robots
The new product could also appeal to clients who wonder what will happen when they die.
The Standard has introduced a single-premium, non-variable indexed annuity aimed at clients who are interested in long-term economic trends and death.
The Portland, Oregon-based company says its new Enhanced Choice Index Plus product offers access to Bank of America’s BofA Global MegaTrends Index.
The index includes components related to robotics, the digital economy, millennials and what Bank of America classifies as “disruptive technology.”
Clients who buy the annuity can also pay extra for a rider that will increase the death benefit.
The index menu includes four options linked to S&P Dow Jones indexes and a fixed-interest option as well as the MegaTrends index.
Three of the S&P-linked indexes offer features designed to protect the annuity holder against market volatility.
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