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Annexus, Highland Capital partner on life insurance distribution opportunity

Published 14 June 2017

Annexus, a designer of fixed indexed annuities and indexed universal life insurance (IUL), has entered into a new distribution partnership with Highland Capital Brokerage.

The partnership adds a new distribution opportunity for Balanced Growth Advantage IUL (BGA), designed by Annexus and issued by Minnesota Life Insurance Company.

“The indexed crediting strategies in Annexus’ fixed indexed annuities have a decade-plus success record of delivering greater client value,” said Highland Capital Brokerage CEO Jim Gelder. “It’s exciting to join the exclusive group of Independent Distribution Companies with access to that same innovation in a competitive IUL product.”

“Indexed Universal Life insurance sales topped $1.86 billion in 20161—an all-time high,” said Ron Shurts, Annexus co-founder. “Highland Capital is committed to our vision of connecting the top financial professionals with exclusive access to innovative client-centric products. We believe the BGA product design and this partnership will continue to fuel record IUL growth in 2017 and beyond.”

“An accumulation IUL product like BGA gives clients life insurance that can do much more than provide an income tax-free death benefit,” said James Hahn, EVP of life insurance sales at Annexus. “BGA provides a unique opportunity for clients to potentially accumulate even more assets to help supplement retirement income and offset other financial needs that may arise,” he said.

BGA IUL is available to independent insurance agents and financial advisors through the Annexus network of Independent Distribution Companies.

Source: Company Press Release