North American Company for Life and Health Insurance has launched the Strategic Design Annuity X (SDA X) fixed index annuity with a downside protection feature for times of market correction.

SDA X’s Inverse Edge Trigger crediting strategy will provide investors positive interest credits when the S&P 500 index is flat or loses value, providing a unique diversification option. The bigger the loss, the bigger the potential interest credit, said Chris Conroy, North American’s head of annuity sales. ‘It’s just one more of the features that led the company to call SDA X the industry X-factor,’ he said. ‘SDA X is (…) designed to help meet ret

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