Annexus & North American Secure ‘Deal of the Year, Annuities’ at SRP Americas 2024 Awards
Annexus, in collaboration with North American, has bagged the coveted ‘Deal of the Year, Annuities’ award at the SRP Americas 2024 Awards. Annexus, known for its market-redefining insurance products, continues to set industry standards. North American’s partnership with Annexus in this award-winning deal highlights the power of innovative financial solutions. As life insurance plays a pivotal role in ensuring financial stability, the benefits and growing options available to consumers become increasingly critical considerations.
John Hancock and Annexus Introduce New Indexed Universal Life Insurance
Simultaneously, Annexus has joined forces with John Hancock to launch a new Indexed Universal Life (IUL) insurance product. The introduction of this product signifies a significant step forward in the life insurance landscape, offering a multitude of benefits tailored to the diverse needs of policyholders.
Advantages of Life Insurance Explored
Life insurance is not just a safety net for loved ones after one’s passing; it offers a range of benefits that cater to different life stages. Lifetimeinsurance.org elaborates on several key aspects and specialized forms of life insurance such as:
- Business/Career Insurance: Provides financial protection for business continuity and succession planning, ensuring that businesses can weather unexpected changes.
- Retirement Insurance: Offers a secure income stream during retirement, facilitating a comfortable and worry-free post-retirement life.
- Marriage/Divorce Insurance: Covers the financial metamorphosis that accompanies significant life events such as marriage or divorce, ensuring stability and peace of mind.
Moreover, the flexibility in products like Indexed Universal Life Insurance makes it an attractive option. It provides death benefits along with potential cash value accumulation, thereby serving both protection and investment purposes.
Experts Weigh In
John Hancock’s spokesperson noted, “The integration of Annexus’s innovative design in our IUL products ensures that our clients receive unparalleled value and financial security.” This sentiment mirrors the increasing consumer demand for multifaceted life insurance solutions that not only offer protection but also contribute to long-term financial growth.
Source and More Information
The achievements and collaborations were reported on PRNewswire, showcasing the forward momentum in the insurance sector as companies like Annexus and John Hancock drive innovation.