As other annuity providers analyze and address the DOL’s rulemaking, Jefferson National continues to evolve Monument Advisor’s fund offerings and features. Earlier in May, the company added six new investment options to the product platform, including three new alternatives, bringing its lineup to 380 investment options including more than 70 alternative strategies.
Jefferson National has also recently added to Monument Advisor’s selection of payout options, now offering investors and advisors a ‘restricted stretch’ distribution. The new option will allow clients to stretch income out over an heir’s lifetime by requiring beneficiaries to take only their required minimum distributions from the annuity, creating a steady income stream while helping to protect the underlying assets.
Furthermore, since the release of the DOL rule’s final language, Jefferson National also created a directory of third-party investment advisors for RIAs to use in conjunction with the annuity product. The directory includes 21 managers offering 112 proprietary strategies that can be adopted within Monument Advisor.