MADISON, Wis. — CUNA Mutual Group announced that it dominated the best annuities list with 14 qualifying categories among Barron’s 100 Best Annuities for 2020. With four products being featured across those 14 qualifiers, the number of CUNA Mutual Group products making the list has doubled compared to the previous year.
CUNA Mutual Group’s single-premium immediate annuity, or SPIA, which turns a lump sum into an immediate stream of guaranteed annual income for life, was called out in the article as this year’s “most competitive offer.”
According to the article, “For a look at the best of what the industry is offering, Barron’s compiled 100 competitive annuities, based on assumptions such as age, gender, size of investment, and time horizon.” CUNA Mutual Group’s 14 winners came from its Zone, Horizon, SPIA and FIA product suites, and include the following:
- MEMBERS® Single Premium Immediate Annuity — Enables investors to convert a lump sum of money into a steady stream of guaranteed income to last a lifetime.
- MEMBERS® Future Income Annuity — Maximizes a guaranteed future income using the power of deferral, similar to a pension plan.
- MEMBERS® Zone Annuity — Offers growth potential with downside protection, plus the ability to adjust the “comfort zone” annually.
- MEMBERS® Horizon II — Provides investors options to diversify for higher growth potential, and set a personal limit on loss.
“We’re proud to be ranked once again among the best annuities recognized by Barron’s,” said David Hanzlik, Vice President of Annuity and Retirement Solutions, CUNA Mutual Group. “The article recognizes that, while potentially complex, annuities can bring the values of risk control and guaranteed income to working Americans’ financial planning. Leading the list on floor-style annuities shows that we’re focused on helping investors achieve the peace of mind that comes with guaranteed income.”
CUNA Mutual Group’s prominence in several annuity categories in the Barron’s list — and leading the list on floor-style annuities — demonstrates the company’s commitment to making potentially complex investment vehicles easier to understand, and placing values like risk control and guaranteed income within reach of working Americans as they plan for retirement and seek peace of mind.
CUNA Mutual Group is well-known and trusted within the credit union industry and has expanded distribution of annuity products to other nationally known financial institutions and broker-dealers. The MEMBERSⓇ Single Premium Immediate Annuity, MEMBERSⓇ Future Income Annuity, MEMBERSⓇ Zone Annuity and MEMBERSⓇ Horizon II Annuity are sold through licensed representatives. To learn more about the annuities’ benefits, call 877.345.GROW (4769), OPTION 1, or find your team here.
About CUNA Mutual Group
With roots in the financial institution space, CUNA Mutual Group offers innovative products that help take the risk out of retirement. Dedicated to understanding the needs of advisors and the clients they serve; we work in new ways to reduce the complexity and fear of financial planning. Our annuities are designed to help meet accumulation, income and legacy planning needs, while providing stability, accessibility and a high level of support to help your clients achieve financial security. Learn more here.
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