Aspida and WealthVest Announce a Suite of New and Enhanced Indices for Their WealthLock® Accumulator
Aspida and WealthVest partner with 4 new companies and expand collaboration with 1 to add dynamic exposure within their WealthLock® fixed index annuities
BOZEMAN, Mont. January 28, 2025 | Today, Aspida Life Insurance Company (“Aspida”), a life insurance and annuity company, and WealthVest, a financial services marketing and wholesaling firm, announced the introduction of four new indices to their WealthLock® fixed index annuities portfolio, which were developed with BofA Securities, iShares® by BlackRock, Nasdaq Global Indexes, and S&P Dow Jones Indices. The companies also released the details of their plans with Invesco Indexing LLC to enhance their current index offerings on the same product.
These new additions to the WealthLock® fixed index annuity portfolio create exciting opportunities for clients by combining Aspida’s principal-protected solutions with diverse offerings, delivering tailored and well-rounded retirement strategies.
“The enhancements to our WealthLock® suite of annuities offer financial professionals even more dynamic offerings for their clients under these five indices, while helping to ensure principal protection,” said Chad Burns, Chief Distribution Officer of Aspida. “This is an exciting evolution of our popular fixed index annuity solutions that provide clients with reliable options to plan for retirement and protect their dreams.”
The following indices are new or enhanced with this release:
BofA USA Growth FC 10 Index: The BofA USA Growth FC 10 Index is powered by Bank of America’s patented Fast Convergence technology, which aims to reduce risk and improve performance by adapting to changing market conditions more quickly and efficiently than traditional volatility control mechanisms. This patented technology is applied to the underlying MSCI USA Growth Index, an equity-only index targeting large- and mid-cap U.S. equities exhibiting growth-style characteristics.
iShares® by BlackRock: iShares is committed to unlocking opportunities and performance across markets to match the ambition of investors large and small through a global lineup of exchange traded funds (ETFs). The iShares Gold Trust seeks to reflect generally the performance of the price of gold. The iShares U.S. Real Estate ETF seeks to track the investment results of an index composed of U.S. equities in the real estate sector. The iShares MSCI EAFE ETF seeks to track the investment results of an index composed of large- and mid-capitalization developed market equities, excluding the U.S. and Canada.
Nasdaq Global Indexes: The Nasdaq-100 Index® (NDX®) has become the world’s preeminent large-cap growth index and the benchmark of the 21st century. The Nasdaq-100® tracks 100 of the largest non-financial companies listed on the Nasdaq Stock Market®, capturing companies with a legacy of innovation to create competitive advantages that disrupt their respective markets, across multiple sectors and industries. Though heavily weighted toward technology, the Nasdaq-100® tracks the performance of established industry giants and up-and-coming innovators to provide a reflection of the ever-evolving business and technology landscape, which make it flexible yet resilient to market changes.
S&P Dow Jones Indices: The S&P Global Diversified 7.5% Index1 measures the performance of global equities, U.S. fixed income, and gold as index components to provide global multi-asset diversification, while targeting 7.5% volatility. The index attempts to capture upside potential and reduce exposure during periods of volatility and rising yields by using several market and economic indicators to dynamically adjust the equity and fixed income component weights daily between 0 and 100%. The index maintains predefined weights to monthly rebalancing components.
Invesco Indexing LLC: The successor index, named the Invesco Peak II Index, is a multi-asset index, focusing on profitable, well-run companies that seek to deliver compelling and stable long-term returns. The index’s focus on high quality companies provides an attractive alternative to simple, cap weighted equity market exposure. This is complemented by a dynamic fixed income strategy that adjusts US Treasury bond futures exposure as interest rate conditions change. The index aims to maintain a 7.5% volatility level by utilizing Salt Financial’s truVol methodology
“As the exclusive distributor of WealthLock® annuities, WealthVest is proud to provide retirees and near-retirees with solutions that can protect their retirement savings while generating competitive returns,” said Andrew Keizer, vice president of marketing at WealthVest. “These exciting partnerships will allow our team to deliver unique, growth-oriented solutions aimed at helping advisor plan better for changing market conditions and rethink their client’s retirement.”
Aspida has continued to invest in advancing its digital platform and proprietary technology, resulting in 90% of Electronic Funds Transfer (EFT) applications issued within 24 hours. WealthLock® annuities are available through Aspida’s digital application platform, which is also integrated with other leading third-party systems in the industry.
Find more information about Aspida’s WealthLock® annuity solutions by contacting the Aspida Sales Desk at 1-877-811-6081 or visit www.aspidasales.com. WealthVest’s nationwide wholesaling team is the exclusive distributor of WealthLock® annuities.
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1. The full name of the S&P Global Diversified 7.5% Index is S&P Global Diversified 7.5% TCA 0.75% Decrement Index (USD) ER
About Aspida
Aspida Holdings Ltd., through its subsidiaries (collectively “Aspida”), is focused on providing retirement and reinsurance solutions, with total assets of over $19bn as of September 30, 2024. Aspida’s U.S. platform – Aspida Life Insurance Company – is based in Durham, NC, and focuses on leveraging technology and agility to help clients achieve – and protect – their dreams. Aspida Re, with offices in Hamilton, Bermuda and the Cayman Islands, is focused on providing efficient and secure reinsurance solutions to life and annuity clients globally. Aspida seeks to be a trusted partner in its clients’ financial security while driving its growth by doing good for the communities it serves. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions and corporate development partner to Aspida. For more information, please visit www.aspida.com or follow them on LinkedIn.
About WealthVest
WealthVest is one of the leading distributors of fixed, fixed index, registered index-linked and variable annuities—as well as structured products— to U.S. financial advisors. WealthVest’s leadership is fueled by proprietary thought leadership, consumer-driven product design expertise, strategic marketing, technology, and specialization in both field and hybrid-based advisor wholesaling. Follow them on Facebook and LinkedIn or visit wealthvest.com.
About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
About iShares
iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1,400+ exchange traded funds (ETFs) and $4.2 trillion in assets under management as of September 30, 2024, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.
About Nasdaq Global Indexes
Nasdaq Global Indexes has been creating innovative, market-leading, transparent indexes since 1971. Today, our index offering spans geographies and asset classes and includes diverse families. We continuously offer new opportunities for financial product sponsors across a wide spectrum of investable products and for asset managers to measure risk and performance. Nasdaq also provides exchange listing, custom index, and design solutions to financial organizations worldwide.
About S&P Dow Jones Indices
Since 1896, S&P DJI have provided innovative index solutions backed by robust methodologies and strong governance. Today, S&P Dow Jones Indices is the world's largest provider of financial market indices, offering iconic solutions and unparalleled expertise across asset classes and geographies. With more exchange partnerships and more assets invested in products based on our indices than any other index provider, S&P DJI is a critical link in capital markets and the global financial ecosystem.
About Invesco Indexing LLC
Invesco Indexing LLC is an independent index provider owned by global asset management firm Invesco Ltd. Invesco Indexing develops and administers a wide array of equity, fixed income, and multi-asset indices. These indices provide market exposures for both local and global markets, offering a full range of index strategies. Invesco Indexing’s full range of indices are constructed by experienced investment professionals and are designed to help clients meet specific financial objectives. Invesco Indexing LLC is an indirect, wholly owned subsidiary of Invesco Ltd., a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. With offices in more than 20 countries, Invesco Ltd. managed $1.8T in assets on behalf of clients worldwide as of December 31, 2024.For more information, visit invesco.com/corporate.
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MEDIA CONTACTS:
Aspida
Blaire Swayze
Communications Manager
(919) 246-3108
blaire.swayze@aspida.com
WealthVest
Jackson Bolstad
Marketing Content Manager
(406) 272-3759
jbolstad@wealthvest.com
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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). S&P®, S&P 500®, US 500, The 500, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates (“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 Single Premium Deferred Fixed Annuity Contract(s) is 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 S&P Global Diversified 7.5% TCA 0.75% Decrement Index (USD) ER 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. S&P®, S&P 500®, US 500, The 500, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). Aspida’s Product(s) are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, 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 Global Diversified 7.5% TCA 0.75% Decrement Index (USD) ER.
Nasdaq®, Nasdaq-100®, Nasdaq-100 Index®, and NDX® are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Aspida Life Insurance Company. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the product(s).
iShares® and BlackRock® are trademarks of BlackRock and are used under license. Aspida Life Insurance Company products and services are not sponsored, endorsed, sold, or promoted by BlackRock; purchasers of such products do not acquire any interest in the iShares Gold Trust, iShares MSCI EAFE ETF and iShares U.S. Real Estate ETF nor enter into any relationship of any kind with BlackRock; and BlackRock makes no representations or warranties, express or implied, to the owners of any products offered by Aspida.
Invesco Peak II Index (the “Index”) is a product of Invesco Indexing LLC. Aspida Life Insurance Company (the “Company”) has licensed the Index for use in connection with the Single Premium Deferred Fixed Annuity Contract (the “Contract”). The Contract is a product of the Company and is 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 Contract or as to the operation or performance of a Contract. The Index and all portions thereof are provided “as is” and “as available.” Neither the Index nor the Contracts are investment securities. Invesco does not provide investment advice to the Company in connection with the Contracts and does not advise others as to the value of any annuity or the suitability of any annuity transaction.
Attributions and Disclaimers with respect to Salt Financial
Salt US Treasury Dynamic Duration Model and truVol Risk Control Engine are service marks of Salt Financial LLC, and have been licensed for use by Aspida Life Insurance Company. The WealthLock® Accumulator FIA Products are not sponsored, endorsed, sold or promoted by Salt Financial LLC. Nor does Salt Financial LLC make any representation regarding the advisability of investing in any of the WealthLock® Accumulator FIA Products.
Attributions and Disclaimers with respect to Solactive Munich Re
Solactive AG (“Solactive”) is the licensor of the Solactive Munich Re FIVE US 2Y T-Note Futures Index and the Solactive Munich Re FIVE US 10Y T-Note Futures Index (each, an “Index”). The financial instruments that are based on the Index are not sponsored, endorsed, promoted or sold by Solactive in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or completeness of an Index; and/or (c) the results obtained or to be obtained by any person or entity from the use of an Index. Solactive reserves the right to change the methods of calculation or publication with respect to an Index. Solactive shall not be liable for any damages suffered or incurred as a result of the use (or inability to use) of an Index.
BofA Securities Inc. and its Affiliates (“BofAS”), BofA USA Growth FC 10 Index (the “Index”) and related information, the name “BofAS”, and related trademarks, are intellectual property of BofAS, licensed from BofAS to Aspida Life Insurance Company (“Licensee”). BofAS. Neither the Licensee nor any annuity product, including WealthLock® Accumulator (“Product”) referencing the Index is sponsored, operated, endorsed, sold or promoted by BofAS. Obligations to make payments under any Product are solely the obligation of Licensee pursuant to the term of the contract between Licensee and you, and are not the responsibility of BofAS. BofAS, the Index and related information, the names of BofAS, and related trademarks may not be copied, used, or distributed without BofAS’ prior written approval. The Products have not been passed on as to their legality or suitability, and are not regulated, issued, endorsed, sold, guaranteed, or promoted by BofAS. BofAS’ only relationship to Licensee is the licensing (or sublicensing) of certain trademarks and trade names and the Index or components thereof and neither BofAS nor any of its affiliates are a party to any transaction contemplated herein. While volatility controls may result in less fluctuation in rates of return as compared to indices without volatility controls, they may also reduce the overall rate of return as compared to products not subject to volatility controls. The Index embeds an annual index cost and the components of the Index embed additional transaction costs that are taken into account in the calculations of the change in Index value, which will reduce any returns of the Index. BOFAS MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE INDEX, ANY RELATED INFORMATION, THE TRADEMARKS, OR THE PRODUCT(S) (INCLUDING WITHOUT LIMITATION, THEIR QUALITY, ACCURACY, SUITABILITY AND/OR COMPLETENESS).
MSCI indexes are the exclusive property of MSCI Inc. (“MSCI”). MSCI and the MSCI index names are service mark(s) of MSCI or its affiliates and have been licensed for use for certain purposes by BofA Securities, Inc. The fixed index annuity product referred to herein is not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to such fixed index annuity product. The annuity contract contains a more detailed description of the limited relationship MSCI has with BofA Securities, Inc., and any related fixed index annuity product. No purchaser, seller or holder of this fixed index annuity product, or any other person or entity, should use or refer to any MSCI trade name, trademark, or service mark to sponsor, endorse, market, or promote this fixed index annuity product without first contacting MSCI to determine whether MSCI’s permission is required. Under no circumstances may any person or entity claim any affiliation with MSCI without the prior written permission of MSCI. Additional information about MSCI Inc. with respect to, among other matters, licensing, trademarks and limitation of liability can be found at https://gmi.ml.com/electronic_media/ESPG/docs/MSCIGrowth/MSCIDisclaimers2.pdf