Indexed Annuity provider with an inverse performance trigger crediting method ?

[LostDollar]

I spent the better part of a day last week looking at various annuity information online.

I believe one of the things that I saw go by was a fixed indexed annuity that had a negative index change interest crediting option.

At the time I saw it, the option didn't make much sense to me and I went on by without making any notes. Later in the day, after looking at some charts for two (positive change) Athene indexes, I became interested in the negative change idea for a 3 or 5 year annuity and wanted to look at more details to see if it might be of interest to me.

Problem is, I have no idea which carrier's product it was or the product name. Would any of you be able to tell me what it was?

Thank you.

 

[MTC]

Are you talking about a buffered annuity?

 

[LostDollar]

Are you talking about a buffered annuity?

(caveat, not an agent)

I don't think so. I forgot to put my note about not being an agent in the first post. I am a consumer and am just learning about indexed annuities. I just tried to look up definitions of a buffered annuity and I don't believe that is what I am talking about.

To the extent I understand at the moment, here would be an example of what I think I saw:

A common index strategy (for indexed annuities) between carriers seems to be something like an annual point to point S&P 500 index. If the S&P 500 index is higher at the end of the year than it was at the beginning, the annuity holder gets some interest added to their account-the precise amount has a defined computation. If the change in the index is 0 or negative, the annuity holder gets no interest adjustment in their account.

If I understood correctly, this one carrier also had an index strategy that was something like a negative annual point to point S&P 500 index comparison. If the S&P 500 change for the year was negative, that negative percentage change would be converted to a positive number for the math and an interest addition to the holder's account would be computed. If the S&P index increased over the year, this particular index strategy would pay nothing.

I am now interested in going back and looking at the details of that carrier and product, but have no clue who it was.

 

[LostDollar]

Just finally stumbled on a good search term.

What I was talking about may have been North American, or something like North American, products with an inverse performance trigger.

I just changed the title heading to inverse performance trigger. Can't add an edit to the original post.

 

[MTC]

Just looked that product up. Learned something today. Never knew that existed.

 

[LostDollar]

Midland National endeavour also, but the one with the inverse trigger has a 75K minimum which is outside my range at the moment.

 

[Tahoe Ray]

Midland National endeavour also, but the one with the inverse trigger has a 75K minimum which is outside my range at the moment.

Legacy (which private labels multiple carriers such as Ameritas, F&G, Trans, Americo, etc.)
also has negative crediting strategies.

Not sure if they offer a trigger, though.

 

[scagnt83]

Inverse Triggers and invers Caps are out there. Statistically, it's a terrible option to choose.

 

[LostDollar]

Inverse Triggers and invers Caps are out there. Statistically, it's a terrible option to choose.

I think their time may be coming in 2022 and 2023

 

[Tahoe Ray]

I think their time may be coming in 2022 and 2023

Then just short the market if you believe that. Don't mess with FIAs if you believe in timing.