Ibexis Life & Annuity Insurance Company® Launches WealthDefender™ Fixed Index Annuity Series

The Ibexis WealthDefender™ Series is an accumulation-focused FIA designed to maximize growth potential, provide liquidity for life’s unexpected moments and offer safeguards against renewal rate risk

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Ibexis Life & Annuity Insurance Company ("Ibexis") today announced the launch of its WealthDefender™ Series in the independent marketing organization ("IMO") sales channel.

The WealthDefender™ Series offers guaranteed participation rates or an enhanced Bonus option, as well as core features including a bailout rate and full liquidity for disability, nursing home confinement or terminal illness care. Crediting strategies include the S&P 500®, as well as two proprietary indices.

Nathan Gemmiti, CEO of Ibexis, offers “WealthDefender™ is the perfect complement to our existing FIA product suite. Our existing FIA Plus™ provides expanded upside potential through the adjustable Floor feature and a top-tier no-cost premium bonus. The WealthDefender™ Series offers guaranteed participation rates and an industry leading premium bonus for a charge. Together, these products empower advisors to meet a wide range of client retirement goals.”

"As individuals seek a balance between growth potential and financial security, the WealthDefender™ Series offers a comprehensive solution. Whether you choose guaranteed participation rates for stability, a competitive bonus for enhanced accumulation, or a higher bonus with added growth opportunities, WealthDefender™ delivers strong market-driven growth alongside the flexibility to access the contract value when life's unexpected challenges arise," said John Hurley, Chief Distribution Officer of Ibexis.

The WealthDefender™ Series will be offered through our select distribution partners. With insurance licenses in 45 states and the District of Columbia, Ibexis has been assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "A-" (Excellent) by AM Best. Both ratings have a "stable" outlook.

Please visit the company's website at www.ibexis.com/.

About Ibexis Life & Annuity Insurance Company

Founded in 1937, Ibexis offers fixed annuities to help clients protect their financial future and prepare for retirement. Ibexis' fixed annuities can help individuals accumulate interest without risk of losing principal and provide guaranteed income during retirement. AM Best assigned an A- Financial Strength Rating (4th highest of 13), reaffirmed May 2024. Ibexis' full ratings report may be viewed at www.ambest.com. Ibexis' products are not currently offered in all jurisdictions due to pending regulatory approvals. The WealthDefender™ Series does not invest directly in any indices and may not include dividends paid on underlying stocks. All product terms subject to contract only. Policy form number ICC24_FIA_WG_0724 is an insurance product subject to the claims paying ability of the issuer and not insured by the FDIC, the NCUSIF, or any other government agency.

The S&P 500® is a product of S&P Dow Jones Indices LLC or its affiliates. S&P 500® and S&P® are registered trademarks of Standard & Poor's Financial Services; Dow Jones® is a registered trademark of Dow Jones Trademark Holdings. The WealthDefender™ Series is not sponsored, endorsed, sold or promoted by the foregoing nor do they have any liability for any errors of omissions or interruptions of the S&P 500 Index®.