This is a sample of what an annuity quote looks like from a 24 year veteran of the annuity services industry. There are 8 types of annuity benefits available. You choose the type(s) you like. A Safe Money Singer Annuity Quotation might be the most thorough annuity quote to be found on the internet!
WealthLock Accumulator
SM
A Single Premium Deferred Fixed Index Annuity (FIA)
Issued by Aspida Life Insurance Company; Distributed by WealthVest
Retirement Realities
NURTURE AND PROTECT YOUR RETIREMENT DREAM.
Retirement dreams are precious, and concerns about whether those dreams will become reality are widely shared. Even when you do the right things—set a retirement savings goal, contribute regularly to a retirement account, and develop a retirement income plan—a chance that something will go amiss is always present. You’re right to be concerned. On the next pages, you’ll learn more about the risks to your retirement and find tips that will help you protect your retirement dream.
WealthLock SM Accumulator
2
Risk 1: Will your savings last as long as you do? One of the most challenging aspects of retirement planning is developing an income strategy that makes it possible for you to live comfortably when you’re no longer working. One of today’s key concerns regarding retirement is longevity. We’re living much longer than we use to. Many people overestimate the amount of income their retirement savings will generate. Roughly one-third of participants in a survey expected to withdraw 8% or 10% of their savings every year in retirement without depleting their assets 2 . With interest rates near historic lows, those amounts are unrealistic.
70% of people are more worried about outliving their money than they are about dying. 1
65
Retirement Age
87
50% of men will live past
93
25% of men will live past
89
50% of women will live past 25% of women will live past
95
93
50% of couples will have one partner live past 25% of couples will have one partner live past
97
1 2
Dynamic Withdrawal Rule--Simplified, FA Magazine
2022 WealthVest Retirement Realities Study
3
Risk 2: Will your savings provide enough income? It’s important to minimize the chance that you’ll spend your savings too quickly. The amount of income your savings will provide depends on the size of your nest egg, your asset allocation, market returns, and your withdrawal rate. Historically, to have a 95% chance that their retirement portfolio would last throughout a 30-year retirement, people with the following portfolios could have made the following annual withdrawals. 3
Tip #1. Reimagine your asset allocation. Replacing some— or all—of a bond allocation with a fixed index annuity can help you overcome the challenge of outliving your savings by • reducing overall portfolio risk,
RANGES OF SUSTAINABLE WITHDRAWAL RATES:
• optimizing
performance in rising and falling interest rate environments, and
40% STOCK PORTFOLIO
100% CASH PORTFOLIO
100% STOCK PORTFOLIO
60% BONDS PORTFOLIO
• helping you avoid significant losses immediately before and early in retirement.
1.85%
1.69%
1.28%
The withdrawal rate depends on market volatility as well as whether market fluctuations occurred early or late in retirement. 3
3 WealthVest. Sustainable Withdrawal Rates for New Retirees in 2022.
WealthLock SM Accumulator
4
Tip #2. Remain flexible. You don’t have to withdraw the same amount of income every year during retirement. In years when markets perform well, you may want to withdraw more, and in years when markets perform poorly, you may want to take less. Of course, that means you must adjust your spending accordingly.
5
Risk 3: Are you taking too much risk with your retirement savings?
Tip #3. Choose opportunities that protect your savings. One way to protect your retirement from a market downturn is holding a diversified portfolio that includes traditional investments, such as stocks, bonds, and funds, as well as lower-risk opportunities that protect principal.
We live in interesting times (and it’s clear why some consider that a curse). The pandemic, rising inflation, changing interest rates, and geopolitical upheaval have created tremendous uncertainty and market volatility. Stock markets have been highly volatile, 4 commodity prices have soared, 5 and bond markets are vulnerable to rising interest rates. 6 Even when markets are less volatile, most people have relatively low tolerance for risk. More than one in four people are uncomfortable putting any of their retirement savings at risk. 2 A market downturn in either stocks or bonds (or both) can significantly affect the value of retirement savings, which is the last thing someone on the cusp of retirement wants to experience. If a loss is large enough, it could mean delaying retirement.
4 Shiller, Robert. “Shiller PE Ratio for S&P 500.” Multpl. April 1, 2022. 5 “World Bank Commodities Price Data (The Pink Sheet)”. The World Bank. March 2022. 6 “CME FedWatch Tool”. CME Group. April 2022.
WealthLock SM Accumulator
6
11% 2 Principal protected assets: Fixed Annuities Bank CD
4 % FIXED ANNUITIES
7 % BANK CDs
PRINCIPAL AT RISK ASSETS
Principal protected assets
89% 2 Principal at risk assets:
Stocks Bonds
Stock Mutual Funds Bond Mutual Funds Variable Annuities
Bank CDs are insured by the Federal Deposit Insurance Corporation and offer a fixed rate of return. Principal protection and income stream guarantees on annuities are backed by the issuing company’s financial strength and claim-paying ability.
“…everyone gains from purchasing annuities.” —Gal Wettstein, Alicia H. Munnell, et al., Center for Retirement Research at Boston College 7
7 Wettstein, Gal. Munneell, Alicia. Hou, Wenliang. Gok, Nilufer. “What is the Value of Annuites?”. Center for Retirement Research at Boston College. March 2021. Number 21-5
7
Risk 4: What if a bear market in bonds arises? Many people think of bonds as safe investments—and, for decades, they have been. The current bull market in bonds began in 1982, when the 10-year Treasury note yield was 14%. Today, bond rates are low and are likely to rise. 8
When bond rates move higher, bond prices move lower. A bond’s duration provides some insight into how much its price may change. For example, a 10-year bond with a 10-year duration will lose about 10% of its value if rates rise by 1%.
Hypothetical Illustration:
PERCENT CHANGE IN BOND PRICES IF RATES RISE BY 1% 9
2-YEAR DURATION
4-YEAR DURATION
6-YEAR DURATION
8-YEAR DURATION
10-YEAR DURATION
20-YEAR DURATION
-2 %
-4
%
-6
%
-8
%
-10
%
-20 %
8 Board of Governors of the Federal Reserve System, 10 Year Treasury Constant Maturity Rate 9 Duration - What an Interest Rate Hike Could Do to Your Bond Portfolio, FINRA. Accessed July 2020
WealthLock SM Accumulator
8
Tip #4. Insulate your savings from market risk. Annuities can help protect your savings and investments. Fixed index annuities, for example, help protect portfolios from bear markets because they’re structured so the contract value increases when the stock market rises and remains constant when stock market falls. If you want principal protection and the potential to earn an attractive return that is tied to the market without the risks associated with directly investing in the market, a fixed index annuity may be right for you.
9
Risk 5: What if my portfolio loses value near retirement? Stock market performance just before and early in retirement can have a profound effect on the amount of income your savings will generate. Significant market gains can boost long-term income potential, and significant losses can
• hurt long-term income potential,
• result in a reduced standard of living in retirement, and/or
• lead to retirement delays.
This hypothetical example shows how market fluctuations could
affect the retirement savings of two couples, the Hatfields and McCoys. Both couples retire at age 65 with $500,000 invested in stocks, earn 9% on average each year during retirement, and withdraw 4% each year for income adjusted for annual average inflation of 2.4%. TIMING IS KEY The market declines early in the Hatfields’ retirement. Although, the Hatfields, like the McCoys, earn a 9% average annual return, their early losses may result in the depletion of their savings if they live too long. In contrast, the McCoys don’t experience a significant downturn until they are two decades into retirement and have ample retirement funds.
WealthLock SM Accumulator
10
The Hatfields Significant market setbacks in the first year of retirement Receive $651,641 over 25 years Ran out of retirement income at age 90
THE McCOYS No significant market setback until 21 years into retirement Receive $878,054 over 30 years; $2,721,569 left over
$2,721,569 McCoys at age 95
$500,000 Hatfield’s and McCoy’s retirement savings at age 65
$0 Hatfields at age 90
66
68
70
72
74
76
78
80
82
84
86
88
90
92
94
AVERAGE ANNUAL NET RETURN 9%
This is a hypothetical example used for illustrative purposes only, assuming an initial portfolio value of $500,000. Chart assumes a 4% rate of withdrawal beginning in year 1, with a 2.4% annual increase of the net withdrawal amount to account for inflation. This is based off of Social Security Cost of Living Adjustments’ average increase from 1990 to 2018. Cost-of-Living Adjustment (COLA) Information, https://www.ssa.gov/cola/. Actual S&P 500 ® historical data from 12/29/1978 to 12/31/2008 has been used in this graph. The hypothetical illustration does not consider the impact of taxes, which would reduce all values. Time period selected because of the extreme volatility during the 2000s, to better illustrate the impact of significant losses early in retirement. Using the current time period would demonstrate less dramatic results. Returns are based upon the Standard & Poor’s ® 500 Index (S&P 500 ® Index) historical data from 1978 to 2008. S&P 500 ® Index returns for the Hatfields are in reverse chronological order. The S&P 500 ® Index is an unmanaged group of large company stocks. It is not possible to invest directly in an index. Past performance does not guarantee future results.
11
Only ⅓ of near-retirees plan to rely solely on Social Security and income from a pension. 11
WealthLock SM Accumulator
12
Risk 6: Social Security may not provide as much income as you expect. Social Security is an important source of income for many retirees, and only you can know whether it will provide enough income to cover your basic expenses in retirement. The average monthly benefit payment in January 2022 was $1,658. That’s about $19,896 per year. There is a caveat. The past ten Social Security Trustees’ reports indicated that Social Security reserves are likely to be depleted in 11 to 13 years (2033–2035), causing benefits to be reduced by one-fourth. 10
Tip #5. Maximize your Social Security benefits. An annuity could provide retirement income until you reach age 70 (and afterward), allowing you to maximize your Social Security benefits by starting to receive benefits at a later age. If your normal retirement age is 67, your benefit would be 132% larger if you waited until age 70 to start receiving benefits. 11
SOCIAL SECURITY BENEFITS ARE EXPECTED TO BE REDUCED BY 25%
10 Insured Retirement Institute. Aligning Retirement Expectations with Financial Resources. November 2021. 11 “Effect of COLA on Average Social Security Benefits”. “Office of the Chief Actuary’s Estimate of Proposals to Change the Social Security Program or the SSI Program”. “How Delayed Retirement Affects Your Social Security Benefits”. Social Security. Social Security Administration. April 2022
13
THIS IS OUR DREAM. THIS IS OUR STORY. This is Aspida
Equipped with a shared dream of changing the industry, we created a business focused on providing retirement solutions to mirror the people we serve and reflect the digital world in which we live. We developed the tools and resources that allow producers, and their clients, to quickly, easily, and securely protect their own dreams Founded in 2021 by a collective vision of industry professionals with over 200 years of combined experience, Aspida has the financial strength – an A- (Excellent) rating 12 – the security – backed by global alternative investment manager, Ares Management Corporation, with approximately $419 billion in assets under management 13 – and the capabilities – cutting-edge, client-centered platform – to be a trusted partner in its clients’ financial security.
We’re Aspida, and we’re in the business of protecting dreams.
• $ 419 billion 13 in AUM • Founded in 1997 Ares
Aspida • A- (Excellent) financial strength rating from AM Best • A- financial strength rating from KBRA
12 AM Best assigned Aspida Life Insurance Company with a financial strength rating of A- (Excellent) on April 28, 2023. KBRA assigned Aspida Life Insurance Company with a rating of A- on September 28, 2023. 13 As of December 31, 2023. AUM amounts include funds managed by Ivy Hill Asset Management, LP., a wholly owned portfolio company of Ares Capital Corporation and registered investment adviser.
WealthLock SM Accumulator
14
Have you met Speedy?
So, you might be asking yourself:
“What’s with the rhino?”
Well, his name is Speedy, and he represents the Aspida way. Rhinos are incredibly protective by nature, and are strong, agile, and fast creatures. Likewise, it’s our goal to protect our clients with our financial strength and impressive ability to move quickly and easily.
15
WealthLock Fixed Index Annuities ANNUITIES CAN HELP PROTECT RETIREMENT DREAMS Many types of annuities are available. Fixed index annuities (FIAs) offer principal protection with the opportunity to earn an attractive rate of return that is tied to an index’s performance. Premiums grow tax-deferred, and principal is protected from market downturns. SM
FIAs can help secure your retirement by
Protecting savings. Principal is always protected against loss, and each year’s credited interest, once applied to the contract value, is also protected against loss.
Optimizing growth. Accumulate savings for
retirement by earning interest credits partially based on stock indices’ upside potential.
Offering tax advantages. Any earnings in an annuity grow and compound tax-deferred.
WealthLock SM Accumulator
16
How does the WealthLock SM Accumulator work?
The WealthLock SM Accumulator is a fixed index annuity that can help you accumulate assets for retirement and can deliver guaranteed income throughout retirement. It gives owners opportunities to earn returns that are tied to the market without the risks associated with direct investment in the market. SINGLE PREMIUM The initial premium plus any interest earned is called the contract value. This value helps you determine your contract’s value at the end of the 5-, 7-, or 10-year surrender term as well as the surrender value and death benefit value. 2x Baby Boomers who own an annuity are more than twice as likely as those In a single-premium plan, you pay one premium for the coverage that best fits your financial needs and goals. The WealthLock SM Accumulator has a • $25,000 minimum premium • $1,000,000 maximum premium A premium of more than $1,000,000 may be accepted with prior approval from Aspida. INDEX CREDITING OPTIONS Multiple crediting strategies are available, so owners can strategically position their premiums by allocating principal to one or more index options. CONTRACT VALUE who do not own annuities to believe they will be more secure in retirement than the average American. “Boomer Expectations For Retirement 2019.” Insured Retirement Institute.
17
Our indices are managed by industry leaders
With the WealthLock SM Accumulator, you have an opportunity to track the returns of indices managed by leaders in the investment industry.
• Your premium return can be linked to one or more indices’ performance.
• Interest is then credited based on the index’s performance.
• If the index finishes a defined period at a higher value, the annuity earns interest up to certain limits. The premium paid for the annuity is not actually invested in stocks or bonds, so the principal is not at risk of being subject to market losses. Our partners The WealthLock SM Accumulator has partnered with three leaders in the investment industry to give annuity owners the opportunity to invest with the best without risking principal. We have several partners, listed below. FRANKLIN TEMPLETON offers an unmatched collection of independent investment managers with deep expertise and specialization across asset classes, investment styles, and geographies.
• 75+ years of asset management experience
• $1.4 trillion in assets under management The Franklin Factors US Index is a US multi-asset index designed to deliver consistent risk-adjusted returns. Franklin begins by screening 1,000 well-recognized US stocks and assigning to each one a score based on three key factors: quality, value, and momentum. Once the stocks have been scored, they are ranked, and the top 250 stocks become the index’s growth engine. During less volatile periods, the index emphasizes
WealthLock SM Accumulator
18
stocks. During periods of heightened volatility, the index shifts to a more defensive alignment to help preserve capital. The Franklin Factors US Index is exclusively available in the WealthLock SM Accumulator fixed-index annuity. JANUS HENDERSON offers an opportunity to invest in compelling opportunities. The Janus Henderson investment teams form their own views and seek to position portfolios actively to connect clients with their financial objectives.
• 89+ years of asset management experience 14
• $308.3 billion in assets under management 15 The Janus SG Lighthouse Index relies on the historical observation that stocks of companies that provide earnings guidance—a fundamental and statistical breakdown of their expectations for future performance—tend to outperform stocks of companies that do not. The index’s goal is to capture the value of transparency potentially to outperform market benchmarks. The Janus SG Lighthouse Index is exclusively available in the WealthLock SM Accumulator fixed index annuity. INVESCO believes the best investment insights come from specialized investment teams with discrete investment perspectives operating under a disciplined philosophy and process with strong risk oversight.
• 71+ years of asset management experience
• $1.5 trillion in assets under management 16 The Invesco Peak Index focuses on quality companies. Quality is a stock characteristic, or factor, shown by academics and practitioners to deliver more attractive returns historically than the broad market. 17 Quality companies tend to have a competitive advantage that offer potential to drive higher profits over longer time horizons. The Invesco Peak Index seeks to deliver greater stability and more compelling returns in all markets by focusing on one factor: quality. 14 Henderson Global Investors was established in 1934, and Janus Capital Group was founded in 1969. Janus Henderson was formed in 2017 15 Janus Henderson AUM as of September 30,2023. 16 Invesco Ltd. experience and AUM as of September 30, 2023. AUM figure includes all assets under advisement, distributed and overseen by Invesco. 17 Sloan, R. 1996. Do stock prices fully reflectinformation in accruals and cash flows about future earnings? The Accounting Review 71 (July): 289-315. Ikenberry, D., J. Lakonishok, and T. Vermaelen. Market underreaction to open market share repurchases. Journal of Financial Economics 39 (1995): 181-208. Novy-Marx, R. The other side of value: the gross profitability premium. Journal of Financial Economics 108 (2013): 1-28.
19
Multiple ways to grow your funds
The WealthLock SM Accumulator provides you with multiple index crediting options to grow your premium while always ensuring that your premium and interest are protected. You have the flexibility to choose one or more index options. Every available index option has WealthLock SM built into it. At the end of the index option term, you can rest assured any interest earned will be credited. Your initial premium is protected and will not decrease—no matter how the underlying index performs.
FIXED STRATEGY: Provides growth through a guaranteed annual interest rate. 1-YEAR POINT-TO-POINT CAP RATE STRATEGY: Provides growth by participating in 100% of the index’s growth up to a cap. Your interest is credited and locked in for that year. 1-YEAR POINT-TO-POINT PARTICIPATION RATE STRATEGY: Provides growth by participating in a portion of the index’s growth every year. Your interest is credited and locked in for that year.
WealthLock SM Accumulator
20
2- AND 5-YEAR HIGH WATERMARK PARTICIPATION RATE STRATEGY: Provides growth by participating in a portion of the index’s growth determined by the highest quarterly index value throughout the crediting term. Your interest is credited and locked in every two or five years, depending on the strategy you choose. A unique feature of the 2- and 5-year High Watermark Participation Rate Crediting Strategy is QuarterLock SM . The QuarterLock SM feature provides owners four opportunities a year to automatically lock in rising index values.
21
The QuarterLock Advantage
SM
It’s no secret that stock markets have higher risk and higher potential rewards than some other asset classes. With QuarterLock SM , you can make the most of stock market fluctuations by automatically locking in the highest quarterly index value throughout a crediting term. At the end of the crediting period, your interest is credited and locked in at the highest quarterly value—even if the index you track finishes the period at a lower value.
Hypothetical 5-Year High Watermark Participation Rate Strategy
200
Lock-in the highest quarterly index value.
150
148
100
86
75
QuarterLock SM improved the return by 5x, avoiding the late decline in red*.
50
0
x
x x x
x x x x
*The above graph is a hypothetical example of a 5-year High Watermark Participation Rate Strategy. Interest is calculated by determining the percentage change between the starting index value and highest quarterly index value over the 5-year term. A participation rate is then applied to the percentage change to calculate your interest earned. The 5-Year High Watermark Participation Rate Strategy in the example above was assumed to be 150% and the traditional 5-Year Point-to-Point with Participation Rate was assumed to be 200%. Both strategies had a starting index value of 75; whereas the ending index value differed for the 5-Year High Watermark Participation Rate Strategy and the 5-Year Point-to-Point with Participation Rate, 148 and 86 respectively.
WealthLock SM Accumulator
22
QUARTERLOCK SM AUTOMATICALLY LOCKS IN THE HIGHEST INDEX VALUE EVERY QUARTER. QuarterLock SM may improve your interest credited on the 2- and 5-Year High Watermark Participation Rate Strategies, by giving you four automatic opportunities a year to lock in the highest index value.
This ensures you earn interest if the index decreases towards the end of your index option term.
23
Questions & Answers
WHAT IS A FIXED INDEX ANNUITY? A fixed index annuity (FIA) is a contract between you and an insurance company. FIAs offer the opportunity for tax-deferred growth based in part on changes in a market index, plus the option to convert your annuity into a steady, guaranteed, lifetime income stream, all while protecting your hard-earned principal from the uncertainty of market volatility. WHAT IS A MARKET VALUE ADJUSTMENT (MVA) AND WHEN DOES IT APPLY TO ME? A MVA may be applied if you make an excess withdrawal or surrender the contract. An MVA may be positive, negative or zero depending on whether interest rates have decreased, increased or stayed the same. Events triggering an MVA include a contract surrender or excess withdrawal. An MVA will not apply to any RMDs, free withdrawals or withdrawals after the Withdrawal Charge Schedule. For more information on MVAs, please review your contract. WHAT OPTIONS DO I HAVE TO WITHDRAW MY MONEY WITHOUT PENALTIES? You have the option to take up to 10% of your Contract Value as a free withdrawal each year after the first contract anniversary. Rest assured that all required minimum distributions (RMD) withdrawn thirty days after the contract has been issued will not be subject to any penalties. Bailout: You have the option of withdrawing your Contract Value if the S&P500 ® annual point-to-point cap renewal rate falls below the stated bailout cap rate at contract issue. At the end of your surrender charge term, you could withdraw up to 100% of the Contract Value.
WealthLock SM Accumulator
24
WHAT IF I NEED TO MAKE A WITHDRAWAL ABOVE THE 10% FREE WITHDRAWAL AMOUNT? You have the option of taking a withdrawal above the 10% free withdrawal amount also known as an excess withdrawal, but withdrawal charges and a market value adjustment may apply. The surrender penalty for excess withdrawals is on a declining schedule below.
Contract Year
1
2
3
4
5
6
7
8
9
10 11
9% 8% 7% 6% 5%
0%
5-Year: Withdrawal Charge
9% 8% 7% 6% 5% 4% 3%
0%
7-Year: Withdrawal Charge
9% 9% 8% 7% 6% 5% 4% 3%
2% 1% 0%
10-Year: Withdrawal Charge
WHAT OPTIONS DO I HAVE IF I AM CONFINED TO A NURSING HOME? You can withdraw up to 100% of your annuity’s Contract Value if you are confined to an eligible Nursing Home. This benefit is available if you are confined for at least 90 consecutive days any time after your first Contract Anniversary and meet eligibility requirements. No Withdrawal Charge or MVA apply if you qualify for this benefit. To receive the Nursing Home Waiver, you cannot be confined on the Contract Effective Date. WHAT OPTIONS DO I HAVE IF I AM DIAGNOSED WITH A TERMINAL ILLNESS? You can withdraw up to 100% of your annuity’s Contract Value if you are diagnosed with a terminal illness that is expected to result in death within one year and meet eligibility requirements. No Withdrawal Charge or MVA will be applied if you qualify for this benefit. This waiver is available after your first Contract Anniversary and the initial diagnosis of terminal illness must be made after the Contract Effective Date.
25
The “ S&P 500 ® ” is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed for use by Aspida Life Insurance Company ® (Aspida). Standard & Poor’s ® and S&P ® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones ® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Aspida ® . Aspida’s Product(s ) are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 ® . The Janus SG Lighthouse Index (the “ Index ”) is the exclusive property of SG Americas Securities, LLC (together with its affiliates, “ SG ”). SG has contracted with Solactive AG (“ Solactive ”) to maintain and calculate the Index. “SG Americas Securities, LLC”, “SGAS”, “Société Générale”, “SG”, “Société Générale Indices”, “SGI”, and “Janus SG Lighthouse Index” (collectively, the “ SG Marks ”) are trdemarks or service marks of SG or have been licensed for use by SG from Janus Henderson Indices LLC and its affiliates (“ Janus Henderson ”). SG has licensed use of the SG Marks to Aspida Life Insurance Company (“ Aspida ”) and sub-licensed the use of certain Janus Henderson marks (the “Janus Henderson Marks”) for use in a fixed indexed annuity offered by Aspida (the “ Fixed Indexed Annuity ”). SG’s sole contractual relationship with Aspida is to license the Index and the SG Marks and sub-license the Janus Henderson Marks to Aspida. None of SG, Solactive, Janus Henderson or other third party licensor (collectively, the “ Index Parties ”) to SG is acting, or has been authorized to act, as an agent of Aspida or has in any way sponsored, promoted, solicited, negotiated, endorsed, offered, sold, issued, supported, structured or priced any Fixed Indexed Annuity or provided investment advice to Aspida. No Index Party has passed on the legality or suitability of, or the accuracy or adequacy of the descriptions and disclosures relating to, the Fixed Indexed Annuity, including those disclosures with respect to the Index. The Index Parties make no representation whatsoever, whether express or implied, as to the advisability of purchasing, selling or holding any product linked to the Index, including the Fixed Indexed Annuity, or the ability of the Index to meet its stated objectives, including meeting its target volatility. The Index Parties have no obligation to, and will not, take the needs of Aspida or any annuitant into consideration in determining, composing or calculating the Index. The selection of the Index as a crediting option under a Fixed Indexed Annuity does not obligate Aspida or SG to invest annuity payments in the components of the Index. THE INDEX PARTIES MAKE NO REPRESENTATION OR WARRANTY WHATSOEVER, WHETHER EXPRESS OR IMPLIED, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES (INCLUDING, WITHOUT LIMITATION, THOSE OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE), WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN OR RELATING THERETO, AND IN PARTICULAR DISCLAIM ANY GUARANTEE OR WARRANTY EITHER AS TO THE QUALITY, ACCURACY, TIMELINESS AND/OR COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED THEREIN, THE RESULTS OBTAINED FROM THE USE OF THE INDEX AND/OR THE CALCULATION OR COMPOSITION OF THE INDEX, OR CALCULATIONS MADE WITH RESPECT TO ANY FIXED INDEXED ANNUITY AT ANY PARTICULAR TIME ON ANY PARTICULAR DATE OR OTHERWISE. THE INDEX PARTIES SHALL NOT BE LIABLE (WHETHER IN NEGLIGENCE OR OTHERWISE) TO ANY PERSON FOR ANY ERROR OR OMISSION IN THE INDEX OR IN THE CALCULATION OF THE INDEX, AND THE INDEX PARTIES ARE UNDER NO OBLIGATION TO ADVISE ANY PERSON OF ANY ERROR THEREIN, OR FOR ANY INTERRUPTION IN THE CALCULATION OF THE INDEX. NO INDEX PARTY SHALL HAVE ANY LIABILITY TO ANY PARTY FOR ANY ACT OR FAILURE TO ACT BY THE INDEX PARTIES IN CONNECTION WITH THE DETERMINATION, ADJUSTMENT OR MAINTENANCE OF THE INDEX. WITHOUT LIMITING THE FOREGOING, IN NO EVENT SHALL AN INDEX PARTY HAVE ANY LIABILITY FOR ANY DIRECT DAMAGES, LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. No Index Party is a fiduciary or agent of any purchaser, seller or holder of a Fixed Indexed Annuity. None of SG, Solactive, Janus Henderson, or any third party licensor shall have any liability with respect to the Fixed Indexed Annuity in which an interest crediting option is based is on the Index, nor for any loss relating to the Fixed Indexed Annuity, whether arising directly or indirectly from the use of the Index, its methodology, any SG Mark, Janus Henderson Mark or otherwise. Obligations to make payments under the Fixed Indexed Annuities are solely the obligation of Aspida. In calculating the performance of the Index, SG deducts a maintenance fee of 0.50% per annum on changes in the level of the Index, and fixed transaction and replication costs, each calculated and deducted on a daily basis. The transaction and replication costs cover, among other things, rebalancing and replication costs. The total amount of transaction and replication costs is not predictable and will depend on a number of factors, including the leverage of the Index, which may be as high as 150%, the performance of the indices underlying the Index, and the performance of the individual stocks and
Not FDIC/NCUA insured • May lose value • No bank/credit union guarantee • Not a deposit • Not insured by federal government agency
WealthLock SM Accumulator
26
futures contracts included in such underlying indices, among other factors. These fees and costs, which are increased by the Index’s leverage, will reduce the potential positive changes in the Index and increase the potential negative changes in the Index. While the volatility control applied by SG may result in less fluctuation in rates of return as compared to indices without volatility controls, it may also reduce the overall rate of return as compared to products not subject to volatility controls. Invesco Peak Index (the “Index”) is a product of Invesco Indexing LLC. Aspida (the “Company”) has licensed the Index for use in connection with the Contract (the “Aspida Contract”). The Aspida Contract is a product of the Company and are not sponsored, endorsed, sold or promoted by Invesco Ltd., Invesco Indexing LLC, or their respective affiliates and third- party suppliers and licensors (collectively, “Invesco”). Invesco makes no representation or warranty of any kind, express or implied, as to the suitability or appropriateness of any transaction that results in the purchase, exchange or replacement of a Aspida Contract or as to the operation or performance of a Aspida Contract. The Index and all portions thereof are provided “as is” and “as available.” Neither the Index nor the Aspida Contracts are investment securities. Invesco does not provide investment advice to the Company in connection with the Aspida Contracts and does not advise others as to the value of any annuity or the suitability of any annuity transaction. The Franklin Factors US Index (the “Index”) is owned by Franklin Templeton Investments (“Franklin”), is calculated and maintained by S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices, LLC) and is licensed for use by Aspida Life Insurance Company. The Index is not sponsored by S&P Dow Jones Indices, their affiliates or their third party licensors (collectively, “S&P Dow Jones Indices”). Franklin and S&P Dow Jones Indices (collectively, “Index Parties”) will not be liable for any errors, omissions or interruptions in calculating the Index. The Index Parties make no representations or warranties, express or implied and shall have no liability with respect to the adequacy, accuracy, timeliness and/or completeness of the Index. Aspida Life Insurance Company’s products based on the Index are not sponsored, endorsed, sold or promoted by the Index Parties and the Index Parties have no responsibilities, obligations or duties to purchasers of such products. Franklin Templeton ® , Franklin ® , Franklin Factors US Index, and the corresponding logos are trademarks of Franklin. S&P ® is a registered trademark of Standard & Poor’s Financial Services LLC, and Dow Jones ® is a registered trademark of Dow Jones Trademark Holdings LLC Guarantees are backed by the claims-paying ability of Aspida Life Insurance Company (“Aspida”). Annuities are designed for long-term accumulation of money; surrender and withdrawal fees may apply on early withdrawals. Annuity withdrawals are subject to income tax and withdrawals prior to age 59½ may also be subject to an IRS penalty. This piece provides a brief summary of product features. The contract associated with the product will contain the actual terms, definitions, limitations and exclusions that apply. Product features and availability vary by state and are solely the responsibility of Aspida Life Insurance Company. Contract form series ICC22C-FIA1010 and C-FIA1010. The statements and comments offered in this communication are provided as general information and ideas. They are not intended to be, nor should they be relied on as, investment, legal, tax advice or recommendations. Before making a decision or giving advice about any matter contained in this communication, agents or individuals should consult their own attorney, tax or investment advisor. Products and services are underwritten and/or provided by Aspida Life Insurance Company (Administrative Office: Durham, NC), licensed in 49 states (excluding New York) and the District of Columbia. Products and services may not be available in all states. Aspida is the trade name of Aspida Life Insurance Company and its affiliates. Each company is solely responsible for its own financial conditions and contractual obligations. Aspida has enlisted WealthVest Marketing, Inc. to wholesaler its products. WealthVest is an independent financial services marketing and distribution firm specializing in fixed and fixed index annuities. It is not owned by, operated by or part of Aspida Life Insurance Company.
Not FDIC/NCUA insured • May lose value • No bank/credit union guarantee • Not a deposit • Not insured by federal government agency
27
This is Aspida
Founded in 2021 by industry professionals with over 200 years of combined experience, Aspida has the financial strength – an A- (Excellent) rating 1 – the security – backed by Ares Management Corporation, with approximately $419 billion in assets under management 2 – and the capabilities – cutting-edge, client-centered platform – to be a trusted partner in our clients’ financial security.
1 AM Best assigned Aspida with a financial strength rating of A- (Excellent) on April 28, 2023. KBRA assigned Aspida with a rating of A- on September 28, 2023.
2 As of December 31, 2023. AUM amounts include funds managed by Ivy Hill Asset Management, LP., a wholly owned portfolio company of Ares Capital Corporation and registered investment adviser.
This is WealthVest
LEARN MORE
At WealthVest, we understand that traditional retirement strategies may involve too much risk for the millions of baby boomers who plan to retire over the next decade. That’s why we’ve become one of the leading distributors of fixed, index, registered- index-linked, and variable annuities. U.S. financial advisors, banks, and agents value our insightful thought leadership, product design expertise, marketing strategies and technology, and specialization in field and hybrid-based sales and advisor marketing training.
DISTRIBUTED BY WEALTHVEST © 2024 WealthVest Marketing, Inc. All rights reserved.
Aspida Life Insurance Company 2327 Englert Dr. | Durham, NC 27713 | Aspida.com
Aspida is the trade name of Aspida Life Insurance Company and its affiliates. Each company is solely responsible for its own financial conditions and contractual obligations.
23018 - 03/24 EXP 03/25
Not FDIC/NCUA insured • May lose value • No bank/credit union guarantee • Not a deposit • Not insured by federal government agency
Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28Made with FlippingBook - Share PDF online