WealthVest and Aspida Partner with Franklin Templeton on Exclusive Index
Aspida’s WealthLock℠Accumulator Fixed Index Annuity offers two crediting strategies linked to the Franklin Factors US Index
WealthVest, a financial services marketing and wholesaling firm, in conjunction with Aspida Life Insurance Company (“Aspida”), a life insurance and annuity company, have partnered with Franklin Templeton to offer two new crediting strategies on an exclusive index within Aspida’s WealthLock℠ Accumulator Fixed Index Annuity – developed jointly with WealthVest.
The WealthLock℠Accumulator FIA, distributed solely by WealthVest’s nationwide wholesaling team, allows consumers to access 1- and 2-year point-to-point participation and point-to-point cap rate strategies through the Franklin Factors US Index. The index also offers a unique 5-year High Watermark participation strategy that gives consumers the opportunity to lock in the highest quarterly index value through the strategy’s QuarterLock℠ feature.
“We are excited to partner with Aspida and WealthVest on introducing the Franklin Factors US Index,” said Doug Sue, Vice President and Senior Client Portfolio Manager at Franklin Templeton Investment Solutions. “This index is designed to deliver consistent returns through its use of factor investing and focus on quality, value and momentum. This factor-based approach can allow the index to take advantage of market conditions and maintain an attractive risk/return profile. We believe the launch of this index on the Aspida annuity platform is an important representation of Franklin Templeton’s commitment to this growing space within retirement savings.”
Using a daily rules-based allocation, the Franklin Factors US Index seeks to strategically take advantage of market conditions and maintain a 5% volatility target. The index is designed to provide consistent returns through its use of factor investing and a focus on quality, value and momentum.
The fixed index annuity is now available in more than 35 states and features 7- and 10-year products, penalty-free withdrawals, a nursing home endorsement, a terminal illness waiver, and a bailout rate feature.
For more information on WealthLock ℠ Accumulator, rates or the equity indices, contact the WealthVest sales desk at 1-866-221-2615 or visit http://www.aspida.com/wealthlock-accumulator.