openPR Logo
Press release

National Life Group® Announces a New Relationship with Expert Plan and 401(k) Marketing to offer a 401(k) Plan with a Fixed Indexed Annuity

11-12-2012 07:07 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: National Life Group

/ PR Agency: Rachel Carter PR
National Life Group

National Life Group

Montpelier, Vermont – National Life Group, through its member company Life Insurance Company of the Southwest, has launched its new SecurePlus VIP (Value and Income Plan) for the 401(k) market. SecurePlus VIP is a fixed indexed annuity designed to complement traditional investment choices in a 401(k) plan. It may be ideal for employees who are approaching retirement and want guarantees1 that are inherent in fixed indexed annuities. SecurePlus VIP does not displace the other traditional investment selections offered in any 401(k) retirement plan.

Today’s financial engineers face a daunting task: creating a conservative 401(k) option that protects retirees from outliving their money. Now as retirement is on the horizon for millions of baby boomers participating in 401(k) plans, they must find ways to direct those funds into more conservative investments that generate income.

"Mutual funds as a retirement investment vehicle provide investors with a means to save for retirement but fall short of providing safety and income guarantees. SecurePlus VIP provides employees with a new choice within their 401(k) plan that allows them to not only accumulate savings for retirement but also offers them a guaranteed income solution that allows them to better plan for retirement," explains Wade Mayo, Head of the Retirement Division, National Life Group.

With SecurePlus VIP, participants are guaranteed a minimum rate of interest regardless of what happens to the markets or interest rates (assuming no withdrawals in the withdrawal charge period). Annuities can help them reach their retirement goals of income generation, tax reduction and asset protection with one financial solution.

“There is no other solution offered on a 401(k) platform in the market today that provides annuitants with a solution for systematic accumulation and systematic distribution for their retirement savings.” explains Carl Lutz, Chief Actuary, Retirement Division of National Life Group. “In addition, annuitants will have peace of mind that their premiums paid and interest earned are protected while they retain total control of their retirement savings to cover unexpected expenses and to provide for their beneficiaries.”

In association with ExpertPlan, we are able to offer a fixed indexed annuity as a guaranteed income choice on a 401(k) platform. “We are excited about our relationship with National Life Group and offering their fixed indexed annuity product on our platform as an alternative to traditional mutual fund investments. The SecurePlus VIP product will help our mutual clients better plan for a more secure retirement in conjunction with our recordkeeping technology and personalized client service delivery,” says Ross Brown, Senior Vice President, ExpertPlan.

Offering Fixed Indexed Annuities as a standard menu item in a 401(k) is new to the industry and will require in-depth training, service and support for participating insurance agents and financial advisors. National Life Group has selected 401k Marketing to provide these specialized services to agents & advisors offering SecurePlus VIP annuity to employers' sponsoring 401(k) plans and participating employees. 401k Marketing will provide "hands on start to finish guidance" to financial professionals through the various new activities required to successfully position fixed index annuities as a standard menu choice for 401(k) plans.

"The training and marketing program offered by 401k Marketing will provide participating agents and advisor with the specialized training and marketing tools to promote SecurePlus VIP as a unique and valued savings option in a 401(k) retirement plan," explains Carl Lutz.

“We’ve listened to our clients and we’ve observed the demand for a guaranteed source of income,” says Matt DeSantos, VP Marketing and Business Development, National Life Group. “With Secure Plus VIP,
we are giving plan sponsors what they want and need: the ability to have an alternative investment in a 401(k) plan that provides plan participants with lifetime income benefits and control of their savings."

National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT, Life Insurance Company of the Southwest (LSW), Addison, TX, and their affiliates. LSW is not an authorized insurer in New York and does not conduct insurance business in New York. Each company of the National Life Group is solely responsible for its own financial condition and contractual obligations.

1 Guarantees are dependent on the claims paying ability of the issuing Company.

Annuity products issued by Life Insurance Company of the Southwest. Securities and variable products can be offered solely by representatives registered to offer such products through a broker/dealer. Life Insurance Company of the Southwest neither issues nor underwrites securities or variable products.

SecurePlus VIP is Policy Form No. 8891(0910), along with Rider Form No. 7965, 7966, or state variations thereof. Not available in all states.

National Life Group
1 National Life Drive
Montpelier, VT 05604
Contact: Suzanne Krenz

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release National Life Group® Announces a New Relationship with Expert Plan and 401(k) Marketing to offer a 401(k) Plan with a Fixed Indexed Annuity here

News-ID: 242303 • Views: 1346

More Releases from National Life Group

National Life Group Honors Four Outstanding Educators
Financial Services Company Announces Its LifeChangers of the Year Montpelier, Vermont – Educators in California, Florida, Texas and Oklahoma have been named LifeChangers of the Year under a new program by National Life Group that recognizes outstanding educators, administrators and school district employees who work in k-12 schools across the country. “These four educators inspire us all,” said Mehran Assadi, CEO of National Life Group. “They make a positive difference
National Life Group Reports 2011 Financial Results
Pre-tax and Net Income Both Set New Company Records: Statutory Surplus Stands At $1.14 Billion & Insurance In Force of $64.5 Billion Montpelier, VT -- March 13, 2012 -- National Life Group releases its consolidated financial results for 2011, reporting new record highs in pre-tax operating income, net income, total assets under management, life sales, insurance in force, in-force annuity flow premium, and statutory surplus. “We are a healthy, thriving
A.M. Best Co. Affirms A (Excellent) Rating for the Insurance Companies of Nation …
Montpelier, Vermont – A.M. Best Co. has affirmed its A (Excellent) financial strength ratings for National Life Insurance Company and Life Insurance Company of the Southwest, the two insurance companies of National Life Group. In addition, the rating firm upgraded the issuer credit ratings for the two companies from “a” to “a+.” The two ratings evaluate different aspects of a financial services company. The traditional financial strength rating is designed to provide
New LifeChanger of the Year Program Honors Outstanding Educators and School Dist …
ADDISON, Texas – National Life Group has unveiled a new program to recognize outstanding educators, administrators and school district employees who work in k-12 schools. “The LifeChanger of the Year program is designed to reward school district employees who strive to make a positive difference in the lives of their students,” said Mehran Assadi, CEO of National Life Group. “The LifeChangers of the Year will be recognized for exemplifying excellence,

All 5 Releases

More Releases for VIP

International VIP Law Firm Helps Filipinos Obtain Global Citizenship
Harvey Law Group (HLG), an international investment law firm, offers to help Filipinos widen their travel options around the world by acquiring a second citizenship and passport that comes with global mobility and greater ease of travel through citizenship-by-investment programs (CIPs). As of now, Philippines passport holder can access to around 66 country visa-free or with a visa-on-arrival, ranking the Philippines passport 74th in the world. Filipinos are required to obtain
One Concierge Enhances VIP Offerings in Canada with VIP Mountain Holidays
An addition to One Concierge’s, ever expanding concierge portfolio, VIP Mountain Holidays Ltd., today entered into a partnership agreement with One Concierge, a luxury concierge and lifestyle solutions provider. VIP Mountain Holidays joins the One Concierge Network™ as a preferred partner specializing in 24/7 private guides, exclusive accommodations, private jet and helicopter adventures, and unique travel packages in Whistler, British Columbia, Canada. One Concierge is capitalizing on this new
Introducing Forex VIP Trading Club By is pleased to introduced a revamped forex VIP traders club, offering some of the best forex services aimed towards individual forex traders. Giving the individual forex traders the much needed advantage to trade forex successfully! The Forex VIP Traders club, introduced by puts together a comprehensive package for individual forex traders. Offering forex VPS hosting at a highly discounted price as well as free forex trading signals, the forex
One Concierge Provides VIP Oktoberfest Experience
Oktoberfest, a 16–18 day festival held annually in Munich, Bavaria, Germany, is one of the most well-known festivals in the world, attracting more than 5 million people every year having been held since 1810. One Concierge (, a global concierge and lifestyle management firm, today announced a complete VIP Oktoberfest Experience in Munich, Germany for this year’s festival. The new offering will allow clients who wish to attend Oktoberfest
Giving Back on Thanksgiving – VIP Realty Platinum
November 10, 2010 – Dallas, Texas – VIP Realty Platinum, and Broker Harry Ridge, are gearing up for their second annual Thanksgiving Brigade giving back to the community. They understand the challenges many people and families are facing in theses challenging times. On Thanksgiving Day they will give meals and care packages full of personal items like socks, gloves, nail clippers, batteries, lotion, etc. to the unfortunate homeless
Wataniya Boosts VIP Mobile Services with Astellia
Rennes, France, 1st July 2010, Astellia, a leading provider of monitoring solutions for the optimization of mobile network QoS and performance announces a major contract for its VIP Care solution with Wataniya Telecom, the leading mobile operator in Kuwait. Wataniya, forming part of the highly successful Qtel group, has around 40% of the market share in Kuwait, operating on GSM, EDGE and HSPA+ technologies. Using Astellia’s VIP Care solution, Wataniya monitors