AuguStar Retirement Introduces Enhanced OrionShield Annuities
AuguStar Retirement, a part of the Constellation family of companies, is elevating its OrionShield annuities by unveiling enhanced features aimed at providing clients with improved growth opportunities. These new features are designed to assist financial professionals in offering enhanced security and growth potential for their clients’ investments.
New Premium Bonus Structure Unveiled
Among the most exciting developments is the introduction of a tiered premium bonus structure for the OrionShield 10-year fixed indexed annuity (FIA). This innovative structure allows clients the opportunity to earn up to a 24% premium bonus credited to their initial premium right from day one. The introduction of these premium bonus options also benefits clients within the age range of 81 to 85, an often-overlooked demographic in the financial world.
Feedback from Leadership
Marc Socol, the chief revenue officer of AuguStar Retirement, expressed enthusiasm regarding the new offerings: "The premium bonus options have always been popular for OrionShield. By offering five different levels of premium bonuses, OrionShield 10 is positioned at a new level of competitiveness.”
Introducing New Index Options
In addition to the premium bonus structure, AuguStar is also excited to share a new lineup of index options. This includes the S&P MARC 5 index along with three additional options created in collaboration with MerQube, a leader in next-generation index-linked technology. These enhancements aim to provide clients with expanded diversification options, critical for optimizing potential returns.
Better Risk Management
The newly introduced index lineup features tailored volatility levels that facilitate quicker and more precise risk management. This approach allows financial professionals to respond swiftly to market changes, potentially improving risk-adjusted returns for their clients.
A Remarkable Response from Financial Professionals
As Marc Socol notes, "In less than two years, our products have outperformed expectations with independent marketing organizations. The improvements announced today position OrionShield among the industry’s most competitive offerings.”
About AuguStar Retirement
AuguStar Retirement is noted for its marketing of fixed indexed annuities and multi-year guaranteed annuities. These products are distributed through various channels including banks, brokers, independent marketing organizations, and other insurance experts. As part of the wider Constellation family, AuguStar Retirement has access to robust resources and support, enabling it to provide superior financial products to its clients.
Additionally, the company boasts strong financial backing, with its partner investors, CDPQ and Ontario Teachers', being significant players in North America’s investment landscape. They manage over CA$740 billion in net assets, showcasing a firm commitment to long-term investment strategies.
Contact Information
Interested parties can reach out to Lisa Doxsee at AuguStar for more information. You can contact her through direct phone lines, and further inquiries are welcomed to discuss how the enhanced products can suit individual investment strategies.
Frequently Asked Questions
What are the new premium bonus options for OrionShield?
The OrionShield annuities now offer a tiered premium bonus structure allowing clients to earn up to a 24% bonus credited immediately on their initial premium.
Who benefits from the new annuity features?
These enhancements are beneficial for all clients, especially those aged 81-85, providing improved growth opportunities.
What is the purpose of the new index options?
The new index options aim to provide clients with additional diversification opportunities and better risk management strategies.
How does AuguStar Retirement support its clients?
AuguStar Retirement supports clients through innovative financial products and by offering insights from experienced financial professionals in the industry.
What kind of products does AuguStar Retirement offer?
AuguStar Retirement specializes in fixed indexed annuities and multi-year guaranteed annuities, designed to provide growth and security for clients’ investments.
