GEORGE TOWN, Cayman Islands, June 01, 2020 (GLOBE NEWSWIRE) -- Knighthead Annuity & Life Assurance Company™ today announced the introduction of the first three-year Fixed Index Annuity (FIA) available to global clients. The Knighthead Annuity Safe Harbour™ FIA is designed to provide global clients with the opportunity to benefit from growth linked to the S&P 500®, MSCI® Emerging Markets or MISCI® Europe Asia Far East Indices or a fixed account option while protecting their investment from market downturns.
Gary Dombowsky, Chief Executive Officer of Knighthead Annuity, commented: “We are pleased to offer our distribution partners the industry’s only three-year fixed annuity designed specifically for their international clients. The recent market volatility has again demonstrated the need for straight forward quality financial products from highly capitalized and rated insurers that provide clients the opportunity to earn attractive investment returns with the security of capital preservation. The expansion of the FIA offerings to include a three-year option may benefit those clients whose financial plans require a shorter investment time horizon.”
The Safe Harbour™ FIA’s crediting rate is linked to the performance of the selected index on an annual point to point basis, subject to a declared cap. All premium and interest earned is 100% protected from index losses. Similar to other Knighthead Annuity products, the Safe Harbour™ FIA offers generous liquidity benefits, an enhanced death benefit, trust structure and annuitization features.
About Knighthead Annuity
Knighthead Annuity & Life Assurance Company™ is rated A- (Excellent) by both Kroll Bond Rating Services and AM Best. The Company offers fixed annuities to international clients through regulated institutional distribution partners and reinsurance of fixed liabilities from other insurers. www.knightheadannuity.com.
Contact
Nathan V. Gemmiti: (345) 623-0300 | info@knightheadannuity.com
Knighthead Annuity is not licensed to sell products in the United States. It is licensed by the Cayman Islands Monetary Authority. Its products are not offered for sale to any resident or citizen of the United States, in the United States or in any other jurisdiction where distribution or use would be contrary to law or regulations. Prospective purchasers should obtain independent financial, legal and tax advice to ensure suitability and adherence to any local regulatory requirements. For up to date rating information visit www.ambest.com and www.krollbondratings.com. The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”). S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”). Both the product and trademark have been licensed for use by Knighthead Annuity. Knighthead Annuity’s products are not sponsored, endorsed, sold or promoted by SPDJI or S&P and neither makes any representation regarding the advisability of investing in such products nor do they have any liability for any errors, omission or interruptions of the index. The product described herein is indexed to an MSCI® index. Knighthead Annuity’s products are not sponsored, endorsed or promoted by MSCI® and MSCI® bears no liability with respect to such products or any index on which it is based. The Contract contains a more detailed description of the limited relationship MSCI has with Knighthead Annuity and any related products. All guarantees are subject to the claims paying ability of Knighthead Annuity. NOT A DEPOSIT OF A BANK- MAY LOSE VALUE-NOT BANK GUARANTEED.