SBLI Introduces Market Crest™ Multi-Year Guarantee Indexed Annuity
August 05 2024 - 9:00AM
Business Wire
Innovative product offers guaranteed returns
coupled with the potential for additional growth tied to positive
market performance
SBLI (The Savings Bank Mutual Life Insurance Company of
Massachusetts) announces its launch of Market Crest™, a
Multi-Year Guarantee Indexed Annuity (MYGIA). This product offers
the reliable growth of a multi-year guaranteed rate annuity
combined with the opportunity for an interest bonus tied to the
positive performance of the S&P 500® Index*, all while avoiding
any downside market risk.
“Our Market Crest Annuity from SBLI is ideal for those planning
for their retirement or seeking a safe and secure home for their
investment,” said Jim Morgan, president and chief executive officer
of SBLI. “It is straightforward to own, protecting clients’
hard-earned money with a guaranteed floor, while offering the
exciting potential of market-linked gains with uncapped bonus
potential. We are thrilled to make Market Crest available through
our valued distribution partnership with Insurance Agency Marketing
Services (IAMS).”
IAMS is the core distribution partner of Market Crest.
“We are pleased to have partnered with SBLI in designing and
distributing this innovative hybrid annuity that offers clients the
peace of mind of earning an attractive minimum return with an
S&P 500® market-based index bonus. Offering clients the
flexibility of 3-, 5-, and 7-year terms with options to select a 4%
minimum rate and as much as a 70% participation rate will serve the
best interests of many clients,” said Steve Murray, president and
chief executive officer of IAMS.
Market Crest is a single-premium deferred annuity. At the end of
the interest rate guarantee period, the annuity yields a return
based on the higher of two values: either the total accumulated
value from the guaranteed fixed interest rate or the indexed value,
which is based on the performance of the S&P 500® Index. If the
indexed value is greater than the accumulated value, any excess
will be credited as an interest bonus.
Key features of Market Crest are:
- Guaranteed Stability: Secures a fixed interest rate for
the chosen guarantee period, safeguarding against market
volatility. This is the minimum return the annuity owner will
receive.
- Enhanced Earnings Opportunity: Owners gain from the
possibility of a higher return linked to the S&P 500® Index’s
positive performance.
- Flexibility: Allows selection from 3-, 5-, or 7-year guarantee
periods with embedded guaranteed interest rates and traditional
S&P 500® Index participation options, providing choices to meet
individual financial goals.
- Tax-Deferred Growth: Owners enjoy faster asset
accumulation than in taxable investments, as earnings aren’t taxed
until withdrawal. This allows their money to compound more
efficiently.
For rates and more information on Market Crest, visit
partners.sbli.com/market-crest/.
About SBLI
For more than 115 years, SBLI (The Savings Bank Mutual Life
Insurance Company of Massachusetts) has specialized in providing
simple and affordable life insurance solutions. Whether it be term
life, whole life or a plan that combines the two, SBLI offers
dependable protection at a fair price. For more information, visit
www.sbli.com.
About IAMS
Insurance Agency Marketing Services, Inc. (IAMS) is a leading
independent marketing organization distributing annuity and life
insurance products through over 10,000 producers nationwide. IAMS
prides itself on developing the businesses of insurance producers
through customized marketing, outstanding products, and its
best-in-class service model rooted in its “2 Ring Guarantee.” For
more information, visit www.iamsinc.com.
* 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 The Savings Bank Mutual Life Insurance Company
of Massachusetts (SBLI). Standard & Poor’s®, and S&P®, are
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 The Savings Bank Mutual Life Insurance Company of Massachusetts
(SBLI). The Market Crest Multi-Year Guarantee Index Annuity is not
sponsored, endorsed, sold or promoted by, Dow Jones, S&P, or
any of 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 such errors,
omissions, or interruptions of the S&P 500® Index.
SBLI is a registered trademark of The
Savings Bank Mutual Life Insurance Company of Massachusetts,
Woburn, MA. NAIC #70435. Licensed in 49 states and DC (excludes
NY). Contract and Rider Form Series: 23‐P‐SPDAMVA, 23-R-HWMIBC.
Products and features may not be available in all states. SBLI is
in no way affiliated with SBLI USA Life Insurance Company, Inc. ©
2024 All rights reserved. 08/2024
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Alexander Caswell Regan Communications 617-488-2885
scaswell@regancomm.com