Why a Fixed Rate of Return? Why Now?
Protecting savings and retirement assets in this current economic environment can be difficult. Growing savings and retirement assets can seem impossible.
We ask, why a fixed rate of return? Why now?
Sidelined by volatile equity markets, high inflation, and interest rate fluctuation, Americans of all ages are faced with challenges when it comes to setting aside money for savings. From putting a few extra dollars into simple, interest-bearing accounts at banks to investing in and purchasing products to increase the value of a nest egg, Oceanview Life and Annuity understands that today’s economic uncertainty can negatively impact savings strategies that once worked well.
Our pursuits at Oceanview Life keep the American saver, pre-retiree, and retiree in mind when designing and building strategies that positively impact the efforts for a prosperous financial future. While our suite of annuities, from multi-year guaranteed (MYGA) annuities to fixed indexed (FIA) annuities, continue to provide beneficial features across allocation options, we are hyper-focused on providing you a competitive, guaranteed fixed rate of return over the next few months.
While our FIA provides the opportunity for growth potential based on the performance of external market indices, savers whose portfolios are currently heavily exposed to equity markets may run the risk of experiencing little to no returns. Such negative market returns could ultimately hinder your savings growth altogether.
With this in mind, we are proud to provide a fixed rate special on our 10-Year Harbourview FIA. The effective rate for a newly issued 10-year Harbourview FIA’s fixed rate crediting strategy is now at 6% for the first contract year. After the first contract year, the fixed rate option will return to a normalized level (currently around 3% for other fixed indexed annuities), but the policyholder will have the ability to allocate all or any portion of the funds to the traditional annual capped or participation rates being offered by Oceanview Life at the time.
Work with your trusted financial professional to secure this rate special and get all of the promotion details. This promotion will be available from August 11, 2022, to October 31, 2022.
Now is the time to get your savings back on track with this exclusive fixed rate of return strategy from Oceanview Life and Annuity.
An Oceanview Update:
While there are many financial institutions for you to partner with, we are glad you have considered us to be a part of your financial journey. Thanks to our partnerships, in just a few short years, our ranking amongst the Top 200 U.S. Life/Health Insurers continues to improve. Per A.M. Best, we are now number 104 of 200 as of 12/31/2021. We don’t take your consideration lightly, and we thank you for setting sail with us as we continue to chart a course for the American saver.
If you have questions about fixed indexed annuities, please reach out to your financial advisor and/or Oceanview Life and Annuity Support Team.
Source: Best’s Rankings – Top 200 U.S. Life/Health Insurers — 2022 Edition, July 2022
As of November 18th, 2021. A.M. Best Company rating is based on financial strength, management skill, and integrity, but is not a statement nor recommendation to purchase a policy. A.M. Best Financial Strength Rating of A- (Excellent) ranks the fourth highest of 16 rankings.
Premium that is allocated to the Fixed Strategy will be credited with a fixed interest rate that is declared by the Company and guaranteed for ONLY the FIRST Contract Year. This interest rate can change each Contract Year and is guaranteed to never be less than the Minimum Guaranteed Interest Rate shown on your contract’s annuity schedule. Interest is compounded daily and is credited based on a fixed interest rate that is declared annually. This strategy is not linked to the movement of an external market index.
Oceanview products are not currently available in Vermont, Connecticut, and New York.