Guardian Life Insurance coverage has expanded its registered index-linked annuity (RILA), Guardian MarketPerform, to the New York market.
The product, which provides a tax-deferred retirement financial savings choice, was initially launched nationwide in 2024.
Guardian can be introducing an extra funding customisation choices for MarketPerform.
Guardian MarketPerform is designed to assist people planning for retirement by limiting their publicity to market danger whereas providing the potential for funding development.
Based on the findings of Guardian’s Annual Office Advantages Research, 48% of New Yorkers are involved about their monetary readiness for retirement.
The product permits policyholders to trace varied indices.
Guardian is now enhancing MarketPerform’s funding choices by including Nasdaq-100 three and six-year phrases, which will likely be out there in all states the place the product is authorised.
Guardian Particular person Markets head Michael Ferik mentioned: “As a mutual insurance coverage firm, our capacity to assume long-term means we’re effectively positioned to help shoppers and their monetary well-being during times of uncertainty. Backed by our monetary energy, we’re excited to develop Guardian MarketPerform’s availability to New York and add extra selections to our RILA.”
In June final 12 months, Guardian solid an alliance with Pelago, specializing in substance use administration programmes together with tobacco cessation.
This partnership goals to help Guardian members with workplace-sponsored dental insurance coverage by providing a tobacco cessation programme that integrates digital instruments with human teaching.
