Western & Southern indexed annuity to offer Goldman Sachs index
September 19, 2014 by RIJ Publishing LLC
Western & Southern Financial Group and Goldman, Sachs & Co. (Goldman Sachs) are collaborating to offer a Goldman Sachs proprietary index in a new fixed indexed annuity issued by Western & Southern member insurance companies set to launch this fall.
“The Goldman Sachs index will provide a distinctive allocation option alongside more traditional interest crediting options in the annuity,” the firms said in a release. The annuity initially will be issued by Integrity Life Insurance Company as “Indextra” and distributed by W&S Financial Group Distributors, Inc.
The index is custom-designed for diversified exposure to global asset classes, seeking consistent returns across different market cycles by controlling for volatility.