Ibexis Life & Annuity Insurance Company Announces Distribution Partners
JEFFERSON CITY, Mo., Sept. 7, 2022 /PRNewswire/ -- Ibexis Life & Annuity Insurance Company ("Ibexis") today announced that its MYGA Plus™ fixed annuity will be offered through the following Independent Marketing Organizations ("IMOs"): Ash Brokerage, Creative One, DMI, Financial Independence Group (FIG), Gradient, Insurance Agency Marketing Services (IAMS), Magellan Financial, M&O Marketing, and TruChoice.
"Ibexis is focused on delivering a quality product and experience to all of our customers. By partnering with these premier IMO organizations to distribute our MYGA Plus™ product, we are confident that our offering will provide access to a growing and underserved retiree market," said Ryan Lex, Chief Distribution Officer at Ibexis.
The MYGA Plus™ is a fixed annuity that provides clients with the flexibility to choose between two fixed rates that are each guaranteed for the initial duration of the product. One option is to earn a traditional guaranteed fixed rate that pays a competitive fixed interest every day. The second option is to allocate to the "Plus Bucket," an indexed linked option that pays a higher fixed rate every year if the S&P 500™ Index increases. If the index increases that year (no matter how much), the client earns the full fixed rate promised for this option.
With insurance licenses in 43 states and the District of Columbia, Ibexis has been assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" (Excellent) by AM Best. Both ratings have a "stable" outlook.
Please visit the company's website at www.ibexis.com.
About Ibexis Life & Annuity Insurance Company
Founded in 1937, Ibexis offers fixed annuities to help clients protect their financial future and prepare for retirement. Ibexis' fixed annuities can help individuals accumulate interest without risk of losing principal and provide guaranteed income during retirement. AM Best assigns an A- Financial Strength Rating (4th highest of 13). Ibexis' full ratings report may be viewed at www.ambest.com.
Disclosures
The MYGA Plus™ (Form ICC22-MPC-0322 or state variation) does not invest directly in the S&P 500® and may not include dividends paid on underlying stocks. All guarantees are backed by the claims paying ability of Ibexis Life & Annuity Insurance Company, 221 Bolivar Street, Jefferson City, MO 65101. Product availability and features may vary by state.
The S&P 500® is a product of S&P Dow Jones Indices LLC or its affiliates. S&P 500® and S&P ® are registered trademarks of Standard & Poor's Financial Services; Dow Jones® is a registered trademark of Dow Jones Trademark Holdings. The MYGA Plus™ is not sponsored, endorsed, sold or promoted by the foregoing nor do they have any liability for any errors of omissions or interruptions of the S&P 500 Index®.
Media Contact
Ryan Lex
Chief Distribution Officer at Ibexis
rlex@cordllp.com
SOURCE Ibexis Life & Annuity Insurance Company
