American Life & Security Corp. announced a partnership with Nasdaq Global Indexes to launch the Nasdaq-100 Intraday Elite 15%™ Index. This new index will be available as a crediting option for the American Select Fixed Indexed Annuity (FIA).
This initiative expands the application of Nasdaq's proprietary indexes into the insurance and retirement product space. It provides annuity holders with a new option linked to the performance of a Nasdaq-designed volatility-controlled index.
For Nasdaq, this represents a new product offering and a diversification of its index licensing revenue streams. The partnership reinforces Nasdaq's role as an innovator in financial products and its ability to adapt its intellectual property to various market needs.
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