Modern Woodmen of America has introduced its new fixed indexed annuity, the MyLinked® Annuity. This single premium deferred annuity with index-linked crediting options is the newest product in the fraternal financial services organization’s lineup.
Available in most states, Modern Woodmen’s MyLinked® Annuity has more growth potential than a traditional fixed annuity, without the risk of market losses. It’s intended to help those close to retirement who want to protect and build their nest egg.
This product offers a fixed-interest track and four index-linked tracks. All designed to help people align their potential for growth with their risk appetite.
The fixed-interest track offers a current interest rate, guaranteed for one-year terms. The four index-linked tracks buy at the current index value and are credited on the annual renewal date, based on the change in index value over that period.
Interest crediting for the indexed tracks is linked to two indices designed by Franklin Templeton – the Franklin US Core Index and Franklin US Core Balanced Index. For information about these index options, visit these Franklin Templeton websites:
- Franklin US Core Index: franklinuscoreindex.com.
- Franklin US Core Balanced Index: franklinuscorebalancedindex.com.
Available at additional cost, is an optional guaranteed lifetime withdrawal benefit rider which can provide future guaranteed lifetime income during retirement.
“We’re proud to offer this new product,” says Modern Woodmen’s Chief Distribution & Marketing Officer and Senior Vice President Jeff Sowards. “It’s a way to help people secure hard-earned retirement money, with the opportunity for growth. It’s another way Modern Woodmen can support strong financial futures.”
To learn more contact your local financial representative.
About Modern Woodmen
Modern Woodmen was founded in 1883 as a fraternal benefit society. The organization supports members, families and communities with a unique blend of financial services, fraternal member programs and local-impact opportunities.
This product is a contractual agreement between you and an insurance company. It does not directly participate or contribute to any investment, security, or index. Some track options may be subject to a track charge that is deducted from the track value at the beginning of each certificate year. The Cap, Participation Rate, and Track Charge Rate used in determining the Track Rate from the index are not guaranteed and are subject to change. Index-linked returns do not include the portion of returns generated by the underlying index that come from dividends, unless specified otherwise. All guarantees are backed by the claims-paying ability of Modern Woodmen. This annuity is issued on certificate and rider forms ICC23 FIA, ICC23 FIA-SCH, ICC23 PTPTR, ICC23 WWCR, and ICC23 GLWBR or a state specific variation where applicable. State variations may apply. This material is for informational purposes only. Please read your contract and disclosure statement for complete details of this annuity’s features. This material is not intended to provide tax or legal advice. Consult your tax or legal advisor before making a decision.
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