Also: advisor found in breach of fiduciary duty; GBU Life unveils new annuity; Athene simplifies flagship FIAs; and new report predicts US annuity to reach US$388 billion by 2029.
AuguStar Life Insurance Co, a member company of Constellation, has revamped its Orbiter fixed indexed annuity (FIA) with the inclusion of five volatility control indices co-developed with MerQube: Dynamic Balanced Asset 10 Index, Multi-Asset Dynamic Managed 5 Index, US Strategic Balanced Asset 8 Index, US Balanced Asset 10 Index, US Daily Risk Managed 12 Index. The five new indices “offer diversified asset exposures and employ a next-generation intraday volatility control mechanism" -&nb