CUNA Mutual Group, a leading insurance and financial services company, announced the launch of the new ZoneChoice Annuity, a registered index-linked annuity, issued by MEMBERS Life Insurance Company. This new product will allow savers to personalize their investment strategy to meet their unique risk tolerance with the potential to deliver higher returns through varying market cycles along with valuable downside protection.
ZoneChoice lets retirement savers strike their ideal balance between growth and protection with a choice of both floors (which provide a maximum loss in a down market) and buffers (which provide protection against losses up to a buffer). Consumers can personalize a comfort zone based on their individual needs to help with a financially secure retirement.
“This new offering is true to our core principles of simplicity, integrity and innovation,” said David Hanzlik, Vice President, Annuity and Retirement Solutions, CUNA Mutual Group. “After the year we have had, people are seeking opportunities to mitigate their investing risk while maintaining the potential for upside growth. ZoneChoice presents the perfect balance for those clients.”
ZoneChoice’s investment indices include a new Barclays Risk Balanced Index which allocates between 50 US low volatility stocks and fixed income, and which was developed in partnership with CUNA Mutual Group specifically for ZoneChoice. It also offers the S&P 500 Index and a declared rate account that lets buyers lock in a pre-determined rate for one year.