Bankers Life Introduces New Flexible Premium Bonus Indexed Annuity
Bankers Life, a leading national life and health insurance brand catering to the retirement needs of Americans, has recently unveiled its latest addition to the annuities portfolio – the Flexible Premium Bonus Indexed Annuity (FPBIA). This innovative product aims to provide customers with stability, flexibility, and the opportunity to accumulate funds for a secure retirement.
One of the standout features of the Bankers Life FPBIA is its allowance for additional deposits even after the policy is in effect. This unique flexibility enables clients to consolidate their retirement accounts into a single place, eliminating the need for multiple policies. Moreover, customers can make deposits multiple times a year, helping them save for retirement and accumulate funds that are potentially less volatile as they approach their retirement years.
A recent survey conducted by the company revealed that 76% of respondents expressed concerns about the rising cost of living hindering their ability to enjoy retirement, while 23% felt unprepared with a reliable income stream for their retirement years. In response to these concerns, Bankers Life has developed the FPBIA as a solution to help individuals protect and grow their nest egg.
Scott Goldberg, President of the Consumer Division at CNO Financial Group, the parent company of Bankers Life, emphasized the benefits of the FPBIA, stating, “Customers who have funds set aside in multiple vehicles for retirement and are looking to de-risk their portfolios will appreciate the stability, flexibility, and simplicity of our new FPBIA product. It is an ideal solution to customers’ retirement planning goals of saving, securing guaranteed retirement income, and building a financial legacy.”
The FPBIA offers a range of features and benefits, including protection and growth opportunities, addressing the needs of consumers who seek both security and the potential for increased returns. With the product currently available in several states, including AK, AL, AZ, CA, CT, DC, DE, FL, IA, ID, IN, MD, MI, MN, MO, MT, NC, NH, NJ, NV, OH, OR, PA, TN, TX, UT, VA, WA, and WY, Bankers Life aims to reach a wide audience of individuals seeking reliable retirement solutions.
Bankers Life, a part of CNO Financial Group, Inc. (NYSE:CNO), focuses on providing insurance and investment solutions to middle-income Americans nearing or in retirement. With approximately 4,300 exclusive agents and 700 financial representatives working from over 230 sales offices across the United States, Bankers Life is committed to protecting the health and retirement needs of working Americans and retirees.
To learn more about the new FPBIA product and Bankers Life’s comprehensive portfolio of annuity products, interested individuals can visit BankersLife.com/annuities. Bankers Life is the marketing brand of various affiliated companies of CNO Financial Group, including Bankers Life and Casualty Company, Bankers Life Securities, Inc., and Bankers Life Advisory Services, Inc. The company also offers non-affiliated insurance products through Bankers Life Securities General Agency, Inc., and securities and variable annuities through Bankers Life Securities, Inc. Additionally, advisory products and services are provided by Bankers Life Advisory Services, Inc.
Bankers Life’s introduction of the Flexible Premium Bonus Indexed Annuity demonstrates its commitment to helping Americans navigate economic uncertainty and achieve a secure retirement. With its focus on stability, flexibility, and simplicity, this new product is poised to make a positive impact on the retirement planning goals of individuals across the nation.