Life insurance firm American Equity has introduced a Destinations fixed indexed annuity (FIA), a first-of-its-kind for the company, providing multiple allocation options that include a new volatility-controlled index developed with Bank of America.

The BoA Destinations Index is exclusive to the 10-year term FIA and combines three assets using two time-invested investment principles that are balanced risk and momentum. Two index-crediting strategies are linked to this index which combines US equities (S&P 500 Low Volatility Index), US treasuries (Merrill Lynch 10-year US Treasury Futures Index) and Gold (S&P GSCI™ Gold Index Excess Return CME). Its overall goal is to manage volatility and deliver stability in a variety of mar

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