1. Annuity and Life Insurance Product Update
Q3 and Q4 2018
Patrick Flood

2. Table of Contents Introduction Annuities: Product Releases
Allianz Dual Bonus Benefit Rider and Index Advantage Income Variable Annuity
Brighthouse Fixed Rate Annuity, Fixed Rate Annuity MVA and Shield Level Select Six-Year Annuity v.3
Jackson Lifetime Check and Elite Access Advisory II
Lincoln OptiBlend Plus
Life Insurance: Product Releases
AXA BrightLife Grow
Haven Life Plus
John Hancock Accumulation IUL, Guaranteed Acceptance, HealthyMind, Vitality Go and Vitality Plus
MassMutual Vantage Term Product Series, Simplified Whole Life and Income Protection Option
Nationwide No-Lapse Guarantee, Accumulator II and Protector II
Prudential SimplyTerm
About

3. Introduction

4. Background
This slide deck examines new product releases from annuity carriers and life insurers covered in Corporate Insight’s Annuity Monitor and Life Insurance Monitor research services
We provide a rundown of new products introduced on coverage group firms’ websites in the second half of 2018 and highlight their key features

5. Life Insurance Monitor
Firms Covered
Below is a list of the firms we track for our Annuity Monitor and Life Insurance Monitor research services:
Annuity Monitor
Life Insurance Monitor
Allianz Life
Athene
AXA
Brighthouse Financial
Fidelity
Guardian Life
Jackson National
Lincoln Financial
MassMutual
Nationwide
New York Life
Pacific Life
Principal
Prudential
TIAA
Transamerica
USAA
Vanguard
Haven Life
John Hancock
Liberty Mutual
Northwestern Mutual
State Farm

6. Annuities: Product Releases

7. Allianz Dual Bonus Benefit Rider
New benefit rider launched in August, available with the Allianz Accumulation Advantage Annuity
Offers two bonuses
Provides a 10% bonus applicable to all premiums in the first year
Includes interest bonus starting at 5% of interest earned and rising to 50% after contract year 10 until annuitization or full withdrawal

8. Allianz Index Advantage Income Variable Annuity
Variable annuity product introduced in August
Features income withdrawal percentages that increase yearly as account owners defer retirement
Provides customization options through crediting methods
Allows account owners to choose level or—if paired with the Income Benefit rider—increasing income payments in retirement

9. Brighthouse Fixed Rate Annuity
One of two fixed annuities Brighthouse launched in September
Offers an initial guarantee period of three, five or seven years
Receives an enhanced rate with any purchase payment of $100,000
Includes the option to elect the Principal Guarantee Rider, which cannot be canceled

10. Brighthouse Fixed Rate Annuity MVA
Second in a pair of fixed annuities Brighthouse launched in September
Is similar to the Fixed Rate Annuity
May apply a market value adjustment (MVA) if the account owner makes a withdrawal greater than the free withdrawal amount

11. Brighthouse Shield Level Select Six-Year Annuity v.3
New indexed annuity introduced in September
Includes a six-year contract term with access to the S&P 500, Russell 2000 and MSCI EAFE indices
Is currently only available through Raymond James Advisors

12. Jackson Lifetime Check
Living benefit rider introduced in October
Is the foundation of a larger company campaign that emphasizes financial freedom
Provides a lifetime check that may increase, but will not decrease, based on the markets

13. Jackson Elite Access Advisory II
Update of Elite Access Advisory variable annuity added in December
Includes no withdrawal charge
Has higher monthly fees than Elite Access Advisory I
Allows account owners to choose between 130 investment options

14. Lincoln OptiBlend Plus
November expansion of the existing OptiBlend 10 fixed indexed annuity
Includes 6% premium bonus available upon purchase
Offers three indexed accounts
Is available with the optional Lincoln Lifetime Income Edge rider, which offers guaranteed lifetime payments

15. Life Insurance: Product Releases

16. AXA BrightLife Grow
Enhanced version of the existing Brightlife Grow indexed universal life insurance policy released in September
Includes updated index options
Can be paired with Long-Term Care Services Rider and Cash Value Plus Rider concurrently

17. Haven Life Plus New rider introduced in August
Provides account owners with third-party benefits
Includes a legal will through Trust & Will, an online safe deposit box from LifeSite and a 15% discount on MinuteClinic service, available at CVS and Target

18. John Hancock Accumulation IUL
Update of the existing Accumulation universal life product introduced in June
Features redesigned index accounts
Includes a guaranteed multiplier starting in year one

19. John Hancock Guaranteed Acceptance
New final expense insurance product made available in October
Starts at $13.40 a month for $2,000 of coverage
Allows prospects to apply online or over the phone
Does not require a medical exam

20. John Hancock HealthyMind
New benefit introduced in June for the Vitality program
Allows participants to gain Vitality points for meditating and completing a 30-day sleep challenge
Includes free 12-month subscription to the Headspace app

21. John Hancock Vitality Go
New, more basic version of the Vitality program introduced in October
Allows policy holders to earn lower premiums with healthy actions, as with all Vitality programs
Is included for no additional cost
Offers Amazon and REI discounts
Continues the ability to add Vitality
points

22. John Hancock Vitality Plus
Upgraded version of the Vitality program introduced in October
Can be included in the cost of the policy or added for a minimum of $2 a month
Includes an Amazon Prime membership for participants who meet certain requirements and a partnership with Hotels.com

23. MassMutual Vantage Term Product Series
New series of term life insurance products launched in July
Offers additional level-premium period options and an extended conversion period option

24. MassMutual Simplified Whole Life
Simplified whole life policy unveiled in July
Allows clients to apply online or over the phone
Is available with $2,000 to $25,000 in coverage for final expenses
Does not require a medical exam

25. MassMutual Income Protection Option
New disability insurance product debuted in July
Is offered to clients purchasing whole or term life insurance
Includes limited benefits to help replace income for two years if the client becomes totally disabled

26. Nationwide No-Lapse Guarantee
October update to the existing No-Lapse Guarantee universal life insurance product
Offers a new optional return of premium feature, allowing clients to recover all or a portion of their premium should they no longer desire coverage
Promotes the ability to pay with Apple Pay and
Text to Pay

27. Nationwide Accumulator II
New iteration of the existing Accumulator indexed universal life insurance policy introduced in December
Is not available with the Additional Term Insurance Rider
Is promoted as a method for boosting retirement income

28. Nationwide Protector II
New iteration of the existing Protector indexed universal life insurance policy introduced in December
Is promoted as a good fit for prospects looking to replace term or supplement employer insurance

29. Prudential SimplyTerm
New term life insurance policy available in September
Can be purchased online
Offers up to $500,000 in coverage for term lengths of 10, 20 or 30 years

30. About

31. Annuity Monitor and Life Insurance Monitor
Annuity Monitor (AM) and Life Insurance Monitor (LIM) focus on the online user experiences that leading firms provide prospects, clients and advisors
Using actual accounts, AM and LIM give a firsthand look at current online capabilities, including client account information, transactions, tools, customer service and educational resources
AM and LIM follow the products and services offered by competitors across the industries, providing an up-close view of what firms are doing to attract new clients

32. Contact Us Patrick Flood Senior Research Associate (646) 876-7535