Reliance Accumulator® Enhancements
The Reliance Accumulator® Product
The Reliance Accumulator® is a single premium deferred equity index annuity available in three withdrawal charge periods: RA-5 (5-year), RA-7 (7-year), and RA-10 (10-year). It is designed for individuals seeking growth potential linked to market indices while maintaining principal protection through the minimum guaranteed contract value.
Product Type
Single Premium Deferred Equity Index Annuity
Issue Ages
0-85 (RA-5, RA-7); 0-80 (RA-10)
Minimum Premium
$20,000
Minimum Guarantee
Greater of 100% premium (less withdrawals/charges) or 87.5% of premium at non-forfeiture rate, currently 3.0% compounded annually
Penalty-Free Access
10% annual lump sum/periodic available after 30 days; 25% per year for nursing care; full access for terminal illness
Optional Enhanced Death Benefit
8% simple interest growth for 13 years; 0.40% annual rider charge; issue ages 0-75
Policy Forms
IIC21-RSL-8378 , RSL-8384-0121 (CA, DE, FL, ND, SD)
Why Six Index Options Plus Fixed Rate?
Fixed index annuities provide index interest based on the performance of an index. Insurance carriers invest most premiums in fixed income securities and set aside an amount — the hedge budget — to purchase index options that hedge the annual index interest liability. Changes in market volatility and the risk-free rate impact option costs, which in turn affect the cost of caps, participation rates, and other crediting parameters available to policyholders.
To manage this dynamic, the industry has developed volatility-controlled indices that target a constant volatility level. Those indices include either multi-asset indices that diversify across two or more asset classes or based on a single equity index. Carriers also use excess return indices that track performance above funding costs and eliminate the impact to option costs caused by changes to the risk-free rate. Each approach offers different trade-offs between growth potential and crediting rate stability.
The Reliance Accumulator now offers policyholders a comprehensive allocation toolkit that offers exposure to several additional Multi Asset and Equity indices. Each index serves a distinct purpose, and the combination allows for customized positioning based on individual objectives and preference.
The Allocation Spectrum
The addition of these three indices creates a greater choice among Multi Asset or Equity index options. A financial professional can now build a multi-asset or single index allocation within a single fixed annuity contract through several equity index options, such as the NASDAQ 100 with exposure to growth-oriented technology,1 all with transparent risk management mechanisms and the principal protection of the minimum annuity guarantees.
This is a meaningful competitive differentiator. Many indexed annuity products offer a long list of index options that are variations on the same theme. The Reliance Accumulator lineup is deliberately constructed to provide genuinely different return drivers: multi-asset vs. equity, S&P® 500 vs. Nasdaq-100, conservative vs. growth-oriented volatility targets.
Comparative Calendar Year Returns1
1Pre-launch date index data is hypothetical back-tested performance and does not reflect actual performance. Data is based on the index methodology in effect on the Launch Date. Back-tested performance reflects application of an index methodology and selection of index constituents with the benefit of hindsight and knowledge of factors that may have positively affected its performance. It cannot account for all financial risk that may affect results, and may be considered to reflect survivor/look-ahead bias. Actual returns may differ significantly from, and be lower than, back-tested returns. Past performance is not an indication or guarantee of future results.