Aug. 12, 2022
WealthVest, a financial services marketing and wholesaling firm, in conjunction with Aspida Life Insurance Company (“Aspida”), a life insurance and annuity company, have partnered with Franklin Templeton to offer two new crediting strategies on an exclusive index within Aspida’s WealthLock℠Accumulator Fixed Index Annuity – developed jointly with WealthVest.
The WealthLock℠Accumulator FIA, distributed solely by WealthVest’s nationwide wholesaling team, allows consumers to access 1- and 2-year point-to-point participation and point-to-point cap rate strategies through the Franklin Factors US Index. The index also offers a unique 5-year High Watermark participation strategy that gives consumers the opportunity to lock in the highest quarterly index value through the strategy’s QuarterLock℠ feature.
“We are excited to partner with Aspida and WealthVest on introducing the Franklin Factors US Index,” said Doug Sue, Vice President and Senior Client Portfolio Manager at Franklin Templeton Investment Solutions. “This index is designed to deliver consistent returns through its use of factor investing and focus on quality, value and momentum. This factor-based approach can allow the index to take advantage of market conditions and maintain an attractive risk/return profile. We believe the launch of this index on the Aspida annuity platform is an important representation of Franklin Templeton’s commitment to this growing space within retirement savings.”
Using a daily rules-based allocation, the Franklin Factors US Index seeks to strategically take advantage of market conditions and maintain a 5 percent volatility target. The index is designed to provide consistent returns through its use of factor investing and a focus on quality, value and momentum.
The fixed index annuity is now available in more than 35 states and features 7- and 10-year products, penalty-free withdrawals, a nursing home endorsement, a terminal illness waiver, and a bailout rate feature.
WealthVest is one of the leading distributors of fixed, fixed index, registered index-linked and variable annuities –as well as structured products– to U.S. financial advisors. WealthVest’s leadership is fueled by proprietary thought-leadership, consumer-driven product design expertise, strategic marketing, technology, and specialization in both field and hybrid-based advisor wholesaling. Follow them on Facebook and LinkedIn or visit wealthvest.com.
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers boutique specialization on a global scale, bringing extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 75 years of investment experience and approximately $1.3 trillion in assets under management as of June 30, 202. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.
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.