The document summarizes new annuity and life insurance products released in the fourth quarter of 2017 by major carriers. For annuities, it describes the key features of the Jackson Perspective Advisory II variable annuity, Principal Flexible Income Protector Plus rider, Fidelity IncomeSource single premium immediate annuity, New York Life Premier Variable Annuity, and Lincoln Covered Choice 7 fixed indexed annuity. For life insurance, it outlines the Principal Indexed UL Flex II universal life policy and Pacific Life PremierCare Choice whole life insurance product. The document also provides background on the research services that track products from leading annuity and life insurance firms.

1. Annuity and Life Insurance Product Update
Fourth Quarter 2017
Published January 2018

2. Table of Contents
▪ Introduction
▪ Annuities: Product Releases
-Jackson Perspective Advisory II
-Principal Flexible Income Protector Plus
-Fidelity IncomeSource
-New York Life Premier Variable Annuity – FP Series
-Lincoln Covered Choice 7
▪ Life Insurance: Product Releases
-Principal Indexed UL Flex II
-Pacific Life PremierCare Choice
▪ 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 fourth quarter of 2017
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
• Voya
• AXA
• Brighthouse Financial
• Haven Life
• John Hancock
• Liberty Mutual
• Lincoln Financial
• MassMutual
• Nationwide
• New York Life
• Northwestern Mutual
• Pacific Life
• Principal
• Prudential
• State Farm
• USAA

6. Annuities: Product Releases

7. Jackson Perspective Advisory II
▪ Variable annuity introduced in October
▪ Allows policy holders to select investments
▪ Lacks withdrawal charges, differing from the Perspective Advisory
product

8. Principal Flexible Income Protector Plus
▪ Guaranteed minimum withdrawal benefit rider launched in
November
▪ Provides 5% annual bonus if clients do not take withdrawals in 10
years
▪ Includes automatic annual step-up

9. Fidelity IncomeSource
▪ Single premium immediate annuity debuted in October
▪ Offers increasing payout option
▪ Is underwritten by Western & Southern Financial Group

10. New York Life Premier VA – FP Series
▪ Variable annuity introduced in November
▪ Continues existing series
▪ Features choice between guaranteed death benefit or stream of
lifetime income
▪ Offers level M&E Fee structure
▪ Grants 0.2% fee decrease at seventh policy
anniversary

11. Lincoln Covered Choice 7
▪ Single premium fixed indexed annuity launched in December
▪ Features seven-year surrender charge schedule
▪ Provides immediate access to income with optional i4Life Indexed
Advantage rider
▪ Offers one-year age bands with optional Lincoln Lifetime Income
Edge rider

12. Life Insurance: Product Releases

13. Principal Indexed UL Flex II
▪ Universal life policy debuted in October
▪ Updates the Indexed UL Flex product
▪ Features lower policy charge structure

14. Pacific Life PremierCare Choice
▪ Whole life insurance policy launched in November
▪ Replaces Pacific PremierCare Advantage product
▪ Offers long-term care benefits
▪ Provides 100% return of premium with Choice 100 variation
▪ Provides vested return of premium with Choice Max variation

15. About

16. 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

17. Contact Us
Megan Rafferty
Senior Research Associate
(646) 751-6974
mrafferty@corporateinsight.com