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 fixed indexed annuities.

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.

Carl Lutz, Chief Actuary, Retirement Division of National Life Group, noted that “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.”