8.9 RILA
Identifying RILA products
Provide a list of 5 filings relating to Registered Index-Linked Annuity (RILA) products filed by different companies. Focus on filings that include the main policy form contract.
For each filing, return:
- The company name
- SERFF tracking number
- Filing status
- Disposition date
- TOI
- A brief description of why this is believed to be an RILA filing
- A list of policy forms filed in the filing
- Indicate if an actuarial memorandum was filed
- Brief summary of the filing description/purpose
Review the product name, filing description in the summary file, policy form names, and policy form filenames for keywords such as 'Registered Index-Linked Annuity,' 'RILA,' 'Index-Linked,' or similar terms that may indicate that the filing relates to an RILA product.
A Registered Index-Linked Annuity (RILA) may also be known as a buffered annuity, index-linked annuity, or structured annuity. It is an annuity that tracks a chosen index or indices and typically provides a maximum rate of return in exchange for the financial services company absorbing a percentage of loss if the index value at the end of the term is lower than the index value at the beginning of the term.
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