Product & Service Launches

Magnifact Introduces Real-Time Annuity Tracking at Revol One

Magnifact LLC, an insurance technology company, announced the launch of its real-time annuity case-tracking feature at insurance provider Revol One Insurance Co., better known as Revol One Financial.

The partnership leverages Magnifact’s AgentVizion API Services platform, allowing Revol One’s distribution partners instant access to pending annuity applications. Magnifact’s release stated that the integration enables distributors and producers to reduce processing times, quickly address issues and accelerate the sales process.

Cohen & Steers Launches 2 New ETFs

Cohen & Steers Inc. announced the launch of the Cohen & Steers Infrastructure Opportunities Active ETF and the Cohen & Steers Short Duration Preferred and Income Active ETF, both of which began trading on the NYSE Arca on December 10.

In making the announcement, the firm described the infrastructure opportunities exchange-traded fund as a “high-conviction, benchmark unconstrained, and actively managed portfolio of infrastructure companies with allocations to key secular growth opportunities such as rising power demand stemming from data growth and artificial intelligence.”

The short-duration preferred and income active ETF is designed to provide “tax-efficient income and total returns through short duration preferred securities with a focus on investment grade, institutional preferred securities.”

Cohen & Steers’ announcement also stated that the company believes the ETF is a viable alternative to traditional short-term fixed income investments, allowing investors to both preserve or increase their current income levels while maintaining attractive credit quality.

Guardian Life Adds 2 New Crediting Strategies to Index-Linked Annuity

The Guardian Life Insurance Co. of America added two new crediting strategies—Step Up Trigger Rate, as well as Cap with Participation and Spread strategies—to its index-linked annuity, Guardian MarketPerform.

According to a statement from Guardian Life, the cap rate with participation and spread strategy allows clients access to greater growth potential without paying a fee. The step-up trigger rate option is intended to give clients more predictability in their investment growth.