In this free slide deck, we examine new product releases from annuity carriers and life insurers covered in Corporate Insight’s Annuity Monitor and Life Insurance Monitor research services. These include new releases from Lincoln Financial, Nationwide and Prudential. We provide a rundown of all new products released in the first quarter of 2019 and highlight their key features. 

1. Annuity and Life Insurance Product Update
First Quarter 2019
Patrick Flood

2. Table of Contents
▪ Introduction
▪ Annuities: Product Releases
- Lincoln IRA Income Plus
- Nationwide High Point 365
- Pacific Life Next Deferred Income Annuity
▪ Life Insurance: Product Releases
- AXA IUL Protect
- Brighthouse SmartCare
- Lincoln Care Coverage and WealthAccumulate IUL (2019)
- Nationwide Long-Term Care Rider II
- Pacific Life Promise GUL, Discovery Xelerator IUL 2, Indexed Accumulator 6 and
Enhanced Performance Factor Rider
- Prudential PruLife Survivorship IUL
▪ About

3. Introduction

4. Background
▪ This slide deck examines new product
releases from annuity carriers and life
insurers covered in Corporate Insight’s
Annuity Monitor and Life Insurance
Monitor research services
▪ We provide a rundown of new products
introduced on coverage group firms’
websites in the first quarter of 2019 and
highlight their key features

5. Firms Covered
▪ Below is a list of the firms we track for our Annuity Monitor and
Life Insurance Monitor research services:
Annuity Monitor Life Insurance Monitor
• Allianz Life
• Athene
• AXA
• Brighthouse Financial
• Fidelity
• Guardian Life
• Jackson National
• Lincoln Financial
• MassMutual
• Nationwide
• New York Life
• Pacific Life
• Principal
• Prudential
• TIAA
• Transamerica
• USAA
• Vanguard
• AXA
• Brighthouse Financial
• Haven Life
• John Hancock
• Lincoln Financial
• MassMutual
• Nationwide
• New York Life
• Northwestern Mutual
• Pacific Life
• Principal
• Prudential
• State Farm
• USAA

6. Annuities: Product Releases

7. Lincoln IRA Income Plus
▪ New living benefit rider introduced in February
▪ Is available with the firm’s variable annuities for an extra charge
▪ Offers 6% growth
▪ Is promoted as a solution for income early in retirement, helping
savers reluctant to withdraw from IRAs before they begin taking
RMDs

8. Nationwide High Point 365
▪ New guaranteed income rider announced in March
▪ Is available with Nationwide New Heights fixed indexed annuities
▪ Locks in daily high points of accumulation strategy
▪ Was created in partnership with independent fixed indexed
annuity designer Annexus

9. Pacific Life Next Deferred Income Annuity
▪ Deferred income annuity introduced in February
▪ Is part of Pacific Life’s new Next division, focused on digital-
oriented customers
▪ Offers a safety net for retirement and a complement to 401(k) and
IRA plans
▪ Is available through Blueprint Income

10. Life Insurance: Product Releases

11. AXA IUL Protect
▪ January update to the existing indexed universal life Protect
product
▪ Is promoted as more competitive in level-, short- and single-pay
scenarios
▪ Allows both the Cash Value Plus Rider and Long-Term Care
Services Rider on a single policy

12. Brighthouse SmartCare
▪ New hybrid indexed universal life and long-term care product
introduced in February
▪ Is the first life insurance product Brighthouse has released since
becoming an independent company
▪ Allows customization of policy value, length of long-term benefit
period and number of premium payments

13. Lincoln Care Coverage
▪ New accelerated benefits rider introduced in February
▪ Pays a portion of the death benefit for long-term care costs
▪ Includes access to the Lincoln Concierge Care Coordination
program, which helps policy holders arrange long-term care
services

14. Lincoln WealthAccumulate IUL (2019)
▪ February update to the existing indexed universal life product
▪ Features an additional indexed account option and a return of
premium option
▪ Is promoted as building cash value to use throughout life or to
supplement retirement income

15. Nationwide Long-Term Care Rider II
▪ January update to the existing long-term care rider
▪ Offers tax-free income after qualifying requirements are met
▪ Provides a death benefit should the account owner never require
long-term care

16. Pacific Life PL Promise GUL
▪ New no-lapse guarantee universal life product introduced in
January
▪ Features a $25,000 minimum face amount with guaranteed a
death benefit protection
▪ Offers fluidless underwriting for clients age 50-69 for up to $1
million in coverage

17. Pacific Life Discovery Xelerator IUL 2
▪ February update of the Discovery Xelerator indexed universal life
product
▪ Is aimed at high-income clients seeking death benefit protection
and retirement income potential
▪ Offers protection against early death and outliving retirement
savings

18. Pacific Life Indexed Accumulator 6
▪ February update of the Accumulator 5 indexed universal life
product
▪ Provides higher cash surrender values in early years
▪ Promotes cash value as a business asset, reducing the financial
impact of providing life insurance in a split-dollar arrangement

19. Pacific Life Enhanced Performance Factor
▪ New rider introduced in February
▪ Is available with the Pacific Discovery Xelerator IUL 2 and Pacific
Indexed Accumulator 6
▪ Allows clients to decide whether to pay higher charges for higher
performance factors

20. Prudential PruLife Survivorship IUL
▪ Updated version of the existing PruLife Survivorship indexed
universal life product
▪ Offers the Survivorship BenefitAccess Rider, which offers full
death benefits should the surviving insured, or both insured
simultaneously, become chronically or terminally ill
▪ Provides new index options

21. About

22. Annuity Monitor and Life Insurance Monitor
▪ Annuity Monitor (AM) and Life Insurance Monitor (LIM) focus on
the online user experiences that leading firms provide prospects,
clients and advisors
▪ Using actual accounts, AM and LIM give a firsthand look at current
online capabilities, including client account information,
transactions, tools, customer service and educational resources
▪ AM and LIM follow the products and services offered by
competitors across the industries, providing an up-close view of
what firms are doing to attract new clients

23. Contact Us
Patrick Flood
Senior Research Associate
(646) 876-7535
pflood@corporateinsight.com