DURHAM, N.C. [June 16, 2022] – Market Synergy Group announced its partnership with Aspida Life Insurance Company (“Aspida”), a life insurance and annuity company, for the distribution of Aspida’s Synergy ChoiceTM Multi-Year Guaranteed Annuity series.
Offering consumers crediting rate options of two-, three-, five- and seven-years and combined with a cutting-edge, client-centered platform, Aspida’s new Synergy ChoiceTM Multi-Year Guaranteed Annuities can – quickly, easily and securely – help individuals earn predictable accumulation to augment their retirement savings.
“With interest rates improving, the demand for rate guarantees — particularly among those individuals at or approaching retirement — has continued to grow,” said Jared Anderson, chief sales officer of Market Synergy Group. “The flexible design of Aspida’s Synergy ChoiceTM Multi-Year Guaranteed Annuity series allows customers to choose the combination of policy liquidity and rate guarantee that best fits their specific planning needs. Additionally, the platform built by Aspida makes integrating Synergy ChoiceTM into the retirement planning process simple and efficient for our clients.”
Aspida is focused on being a tech-leading, agile insurance company that provides retirement solutions with speed, simplicity and security by offering a competitive product suite tailored to clients’ needs.
“Our strategy has always been to build out a leading, growing annuity brand with a strong, diversified balance sheet and an easy-to-use, state-of-the art technology platform,” said Chad Burns, chief distribution officer at Aspida. “Together, with Market Synergy Group, we are well-equipped to deliver on that strategy and help our clients achieve and protect their dreams.”
Ahead of its new annuity series launch, Aspida received two notable financial strength assessments from two global credit rating agencies. AM Best, who specializes in the insurance industry, assigned Aspida an A- (Excellent) financial strength rating with stable outlook on April 1, 2022. Kroll Bond Rating Agency, a full-service rating agency, assigned Aspida an A- insurance financial strength rating with outlook stable on May 24, 2022.
To add to the financial strength of Aspida, the company is backed by Ares, a leading global alternative investment manager with approximately $325 billion of assets under management as of March 31, 2022.
Aspida Holdings Ltd., through its subsidiaries (collectively “Aspida”), is focused on providing retirement and reinsurance solutions, having operations in the U.S. and Bermuda with total assets of $3.5 billion as of Dec. 31, 2021. Aspida, through its U.S. platform – Aspida Life Insurance Company – is focused on leveraging technology and agility to help clients achieve – and protect – their dreams. Its Bermuda-based reinsurance platform, Aspida Life Re, is focused on providing efficient and secure life and annuity reinsurance solutions. Aspida seeks to be a trusted partner in its clients’ financial security while driving its growth by doing good for the communities it serves. Aspida is an indirect subsidiary of Ares Management Corporation. For more information, please visit: www.aspida.com.
About Market Synergy Group
At Market Synergy Group, we leverage research, innovation, a passion for problem-solving and unconventional thinking to identify consumer planning challenges before they arise. We partner with reputable carriers to design and develop market-leading solutions that address these needs and collaborate with an exclusive network of IMO member-owners and elite advisors to distribute them, generating meaningful results for the individuals and families they serve. It’s this synergy – the interaction of multiple elements in a system to produce a combined effect greater than the sum of the individual elements – that sets us apart and propels our network to experience incremental success. Learn more at marketsynergy.net.