The new Synergy Choice™ Max FIA joins the already popular suite of Synergy Choice™ products
TOPEKA, Kan., Nov. 8, 2022 /PRNewswire-PRWeb/ — Aspida Life Insurance Company (“Aspida”), a life insurance and annuity company, and Market Synergy Group announced plans on Monday to partner on the distribution of Aspida’s new Synergy Choice™ Max fixed index annuity (FIA) series.
Aspida’s Synergy Choice™ Max FIA, designed in partnership with Market Synergy Group, adds to the already popular suite of Synergy Choice™ products, which includes a multi-year guaranteed annuity series that launched earlier this year.
Synergy Choice™ Max is designed to deliver reliable and competitive return opportunities in an ever-changing market. It offers consumers the flexibility to choose a five- or ten-year surrender period and incorporates a diverse selection of indexing strategies intended for safe growth potential tied to the S&P 500® Index, the Citi Aria Index, and the Goldman Sachs Grand Prix Index.
“Given the uncertainty in today’s markets, the opportunity to provide protection with innovative growth potential is more critical than ever,” said Lance Sparks, president of Market Synergy Group. “The strategy designs available with Synergy Choice™ Max will help Aspida stand out in the FIA marketplace. Market Synergy Group is excited to leverage Aspida’s agile, tech-leading platform and exemplary service to bring this new product to the FIA space.”
Aspida’s client-centered platform provides intuitive tools and resources to enable financial professionals, and their clients, to access their retirement solutions quickly, easily and securely.
“Given the current markets, we believe it’s a great time to introduce the Synergy Choice™ Max FIA through our partnership with Market Synergy Group,” said Aspida Chief Distribution Officer Chad Burns. “By combining product innovation, unique crediting strategies, and our best-in-class technology platform, Aspida and Market Synergy Group aim to offer retirement solutions that will help protect dreams.”
The Synergy Choice™ Max FIA is distributed exclusively by Market Synergy Group’s member partners. For more information about the product, including state availability and rates, visit http://www.aspida.com.
ABOUT MARKET SYNERGY GROUP
At Market Synergy Group, we leverage research, innovation, a passion for problem-solving and unconventional thinking to identify consumer planning challenges before they arise. We partner with reputable carriers to design and develop market-leading solutions that address these needs and collaborate with an exclusive network of IMO member-owners and elite advisors to distribute them, generating meaningful results for the individuals and families they serve. It’s this synergy — the interaction of multiple elements in a system to produce a combined effect greater than the sum of the individual elements — that sets us apart and propels our network to experience incremental success. Learn more at marketsynergy.net.
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 $5.7 billion as of September 30, 2022. 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 aspida.com or follow them on LinkedIn, Facebook or Instagram.
ABOUT S&P 500®
The “S&P 500®” is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and S&P Global 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”); S&P Global Trademarks are trademarks of the S&P Global 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, their respective affiliates, or S&P Global and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any for any errors, omissions, or interruptions of the S&P 500®.
ABOUT CITI ARIA INDEX
Citi and Citi and Arc design are trademarks and service marks of Citigroup Inc. or its affiliates, are used and registered throughout the world, and are used under license for certain purposes by Aspida Life Insurance Company or its affiliates (the “Licensee”). Citigroup Global Markets Limited (“Citigroup”) has licensed the Citi Aria Index (the “Index”) to the Licensee for its sole benefit. Neither the Licensee nor the Synergy ChoiceTM Max (the “Product”) is sponsored, endorsed, sold or promoted by Citigroup or any of its affiliates. Citigroup makes no representation or warranty, express or implied, to persons investing in the Product. Such persons should seek appropriate advice before making any investment. The Index has been designed and is compiled, calculated, maintained and sponsored by Citigroup without regard to Licensee, the Product or any investor in the Product. Citigroup is under no obligation to continue sponsoring or calculating the Index. C/TIGROUP DOES NOT GUARANTEE THE ACCURACY OR PERFORMANCE OF THE INDEX, THE INDEX METHODOLOGY, THE CALCULATION OF THE INDEX OR ANY DATA SUPPLIED BY C/TIGROUP FOR USE IN CONNECTION WITH THE PRODUCT AND DISCLAIMS ALL LIABILITY FOR ANY SPECIAL, INDIRECT, CONSEQUENTIAL DAMAGES EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. Please see https://investmentstrategies.citi.com/cis/us for additional important information about the Citi Aria Index.
ABOUT GOLDMAN SACHS GRAND PRIX INDEX
The Synergy Choice™ Max are not sponsored, endorsed, sold, guaranteed, underwritten, distributed or promoted by Goldman Sachs & Co. or any of its affiliates (including Goldman Sachs Asset Management, L.P.), with the exception of any endorsement, sales, distribution or promotion of this product that may occur through its affiliates that are licensed insurance agencies (excluding such affiliates, individually and collectively, “Goldman Sachs”) or its third party data providers. Goldman Sachs and its third party data providers make no representation or warranty, express or implied, regarding the advisability of investing in annuities generally or in Fixed Indexed FIAs or the investment strategy underlying such Synergy Choice Max particularly, the ability of the Goldman Sachs Grand Prix with truVol® Index (the “Index”) to perform as intended, the merit (if any) of obtaining exposure to the Index or the suitability of purchasing or holding interests in the Synergy Choice Max. Goldman Sachs and its third party data providers do not have any obligation to take the needs of the holders of Synergy Choice Max into consideration in determining, composing or calculating the Index. Salt Financial Indices LLC determined and designed the methodology for the truVol® Risk Control Engine, and is the owner of the intellectual property therein (“Salt IP”), which is licensed to Goldman Sachs for use in calculating the Index. Goldman Sachs was not involved in designing or determining the methodology or other intellectual property for the truVol® Risk Control Engine. GOLDMAN SACHS AND SALT FINANCIAL DO NOT GUARANTEE THE ACCURACY AND/OR COMPLETENESS OF THE INDEX OR OF THE METHODOLOGY UNDERLYING THE INDEX, SALT IP, THE CALCULATION OF THE INDEX OR ANY DATA SUPPLIED BY IT FOR USE IN CONNECTION WITH THE SYNERGY CHOICE MAX. GOLDMAN SACHS AND SALT FINANCIAL HEREBY EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN OR IN THE CALCULATION THEREOF. GOLDMAN SACHS, SALT FINANCIAL LLC, AND THEIR AFFILIATES, EMPLOYEES, PARTNERS AND VENDORS EXPRESSLY DISCLAIM AND SHALL NOT BE LIABLE TO ANY PARTY FOR ANY INCIDENTAL, EXEMPLARY, COMPENSATORY, SPECIAL, PUNITIVE, INDIRECT OR CONSEQUENTIAL DAMAGE, COST, EXPENSE, LEGAL FEES OR LOSSES (INCLUDING WITHOUT LIMITATION, LOST INCOME OR LOST PROFITS AND OPPORTUNITY COSTS) EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
THIRD PARTY DATA IS USED UNDER LICENSE AS A SOURCE OF INFORMATION FOR THE INDEX. THIRD PARTY PROVIDER HAS NO OTHER CONNECTION TO GOLDMAN SACHS INDEXES AND SERVICES AND DOES NOT SPONSOR, ENDORSE, RECOMMEND OR PROMOTE ANY GOLDMAN SACHS INDEX OR SERVICES. THIRD PARTY PROVIDER HAS NO OBLIGATION OR LIABILITY IN CONNECTION WITH THE GOLDMAN SACHS INDEX AND SERVICES. THIRD PARTY PROVIDER DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF ANY MARKET DATA LICENSED TO GOLDMAN SACHS AND SHALL NOT HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. THERE ARE NO THIRD-PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN THIRD PARTY PROVIDER AND GOLDMAN SACHS.
Ted Johnson, Market Synergy Group, 1 (515) 777-9413, [email protected]
Townley Cheek, Aspida, (919) 246-3208, [email protected]
SOURCE Market Synergy Group