The Knighthead Annuity Safe Harbour FIA will benefit from growth in the S&P 500 Index with in-built protection against market downturns. Its crediting rate is linked to the performance of the S&P 500 on an annual point-to-point basis, subject to a declared cap.
All premium and interest earned is 100% protected from index losses.
As with other Knighthead Annuity products, the Safe Harbour FIA comes with liquidity benefits, enhanced death benefit and sits in a trust structure as well as standard annuitisation features.
Preservation and returns
Gary Dombowsky, chief executive of Knighthead Annuity, said: “Global clients continue to demand straightforward, quality financial products from highly capitalised and rated insurers that meet their needs for capital preservation and competitive investment returns.
“In response, we are very pleased to provide our market with the first-ever fixed index annuity as part of Knighthead Annuity’s existing suite of fixed annuity products.”
Knighthead Annuity offers products to international clients through regulated institutional distribution partners.