Security Benefit has introduced a fixed index annuity (FIA) tracking two artificial intelligence (AI)-powered indices by Société Générale and Bank of America.

Issued by Security Benefit Life Insurance Co. based in Topeka, Kansas, the TopRidge Bonus Annuity is available through selected independent marketing organisations (IMOs) from 30 September. With 13 index crediting strategies, the FIA delivers a combination of a 20% premium bonus that applies on all premiums received within the first year of the contract in addition to a cumulative withdrawal option. Among a total of eight indices, two are seen for the first time in the US annuity market - SG A

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