The WSR Wealth Exemplar Awards Insurance & Annuities Solutions Provider of the Year goes to the top three firms that offer life insurance and annuities products that assist financial advisors’ clients with their long-term planning and asset protection needs, including through relationships with RIAs and broker-dealers.
Cincinnati-based AuguStar Financial consists of AuguStar Retirement and AuguStar Life, both of which are members of the Constellation Insurance family of companies. AuguStar Retirement provides fixed indexed, multi-guaranteed and single premium immediate annuities. AuguStar Life provides indexed universal life, indexed whole life, low-cost convertible term insurance, whole life and universal life products. Both companies work with financial advisors in addition to end clients.
In September, AuguStar Life announced that it entered the brokerage channel. In December, the company announced that its Virtus IUL II indexed universal life product is now offered through iPipeline, a provider of digital solutions for the life insurance and financial services industries, and Ensight, a long-term care (LTC) and annuity digital sales acceleration platform for insurance and financial professionals. Constellation’s other companies include National Security Life and Annuity Company, and Ohio National Seguros de Vida S.A.
Highland Capital Brokerage
Birmingham, Alabama-based Highland Capital Brokerage (HCB), a subsidiary of Osaic, is a life insurance, annuity, longevity planning and disability insurance distribution company providing protection and income solutions to financial professionals. Its partners include insurance agents, financial advisors, independent broker-dealers, RIAs, banks and CPA firms. HCB also provides point-of-sale support, marketing and estate and business planning techniques.
HCB offers advisors how-to resources and tools for integrating life insurance and annuity strategies into wealth management plans, as well as continuing education courses. In May, Teague Wright was appointed President of HCB. She previously worked with HCB from 2013 to 2020, including as Chief Operations Officer. In May, the firm also announced that Jim Gelder, who was CEO for nearly 10 years, would become Chairman Emeritus. Osaic also is a WSR Exemplar Awards winner for Wealth Management Enterprise of the Year.
Newport Beach, California-based Pacific Life provides products and services designed to help individuals and businesses in the retail, institutional, workplace benefits and reinsurance markets. The company offers life insurance and annuity solutions, as well as mutual funds, and has solutions tailored for RIAs and fee-based advisors. In addition, Pacific Life has strategic alliances with portfolio management software providers, data integrators and custodians.
In February, Forbes named Pacific Life as one of America’s Best Midsize Employers for 2023. In March, the company announced a collaboration with Franklin Templeton on lifetime income for defined contribution plan participants. In April, it announced the launch of the Pacific Protector VUL variable universal life insurance product for wealth transfer planning solutions. And in October, the company announced its collaboration with the SS&C Black Diamond Wealth Platform to offer RIAs a streamlined experience for managing the investment options in their clients’ Pacific Life advisory variable annuities.
Chris Latham, Managing Editor at Wealth Solutions Report, can be reached at firstname.lastname@example.org