January 18, 2024
Two Index Crediting Options to Sunset
For FIT Secure Growth, FIT Rewards Growth, FIT Certain Income, and FIT Select Income inforce policies.
At National Life, we’re always working to optimize the solutions we offer to clients. We have decided to sunset these two index crediting strategies for inforce FPDA policies:
- Bank of America Merrill Lynch GPA Point-to-Point Index Account
- Barclays Low Volatility 5 Index Point-to-Point Index Account
Starting January 20, 2024, no new allocations or premium contributions can be made to these strategies for FIT Secure Growth, FIT Select Income, FIT Rewards Growth, and FIT Certain Income inforce policies.
Clients currently invested in these strategies must change their allocations by June 8, 2024.
If changes are not made, their funds (and any future premium allocations) will be moved to the PIMCO US Fundamental Balanced Index account.
We have mailed this letter to customers to inform them about reallocating funds to other indexes.
