LINCOLN, Neb., January 5, 2022 / PRNewswire / – Midwest Holding Inc. (NASDAQ: MDWT), a technology-driven life insurance and annuity platform, today announced that its subsidiary American Life & Security Corp has launched the world’s first annuities Sector fixes based on the S&P 500 ESG index.
The S&P 500 ESG Index is made up of a subset of S&P 500 companies designed to meet the growing needs of investors seeking socially responsible investments aligned with a consumer index published by one of the leading index authorities. in the world, S&P Dow Jones Indices (S&P DJI).
“We are pleased to announce the addition of the S&P 500 ESG Index as part of our American Select Fixed Indexed Annuity product line. Providing our customers with access to socially responsible investment options is important to us as a corporate and corporate citizen, and we are thrilled to be the first aircraft carrier to launch into space. “A said CEO of Midwest Holding Georgette C. Nicolas.
S&P DJI published an article in November exploring the implementation of ESG strategies and their growing importance in insurance: Insurance Talks: Exploring ESG Implementation in Insurance, a timely addition to the launch of a new product from American Life.
The S&P 500 ESG Index is a broad market capitalization-weighted index designed to measure the performance of securities meeting sustainability criteria, while maintaining overall industry group weights similar to those of the S&P 500. The methodology Index scores and ranks eligible companies through DJI’s Exclusive S&P ESG Scores, targeting 75% of market capitalization in each S&P 500 GICS® industrial group.
About Midwest Holding Inc.
Midwest Holding Inc. (NASDAQ: MDWT) is a technology-enabled life insurance and annuity company. Midwest is made up of four distinct and interconnected companies that work together to connect individuals seeking to fund their retirement with asset managers and institutional investors seeking enhanced, uncorrelated returns. Midwest develops and distributes annuity products with those investors who form, fund and manage their own reinsurance capital vehicles using Midwest’s infrastructure and expertise. Ultimately, the goal is to build a platform capable of delivering significant long-term benefits for business stakeholders. For more information visit http://midwestholding.com
The S&P 500 ESG Index is a product of S&P Dow Jones Indices LLC (S&P DJI) and has been used under license by Midwest Holding Inc. S & P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been used under license by S&P DJI and sublicensed for certain purposes by Midwest. Midwestern Fixed Annuities based on the S&P 500 ESG Index are not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P or their respective affiliates, and neither party makes any representation regarding the advisability. invest in such products nor are they responsible for any errors, omissions or interruptions of S&P DJI.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release constitute forward-looking statements. These statements are based on management’s expectations, estimates, projections and assumptions. In some cases, you can identify forward-looking statements by words such as “may”, “may”, “will”, “should”, “expect”, “expect”, “anticipate”, “believe”, “estimate”, “foresee”, “potential”, “intend” or “continue”, the negative of these terms or any other comparable terminology used in connection with any discussion of results of operations or financial performance future. These statements are only predictions and reflect our management’s current good faith expectations regarding future events and are subject to a number of important factors and uncertainties that could cause actual results to differ materially from those described. in forward-looking statements. Factors that could cause our actual results to differ materially from those contemplated in these forward-looking statements include, but are not limited to, the following:
- the success of changes in our executive leadership;
- our business plan, including in particular our reinsurance strategy, may not prove to be successful;
- our dependence on third party insurance marketers to market and sell our annuity insurance products through a network of independent agents;
- failure to maintain adequate reinsurance;
- our inability to expand our insurance operations outside of the 22 states and District of Colombia in which we are currently licensed;
- our annuity products may not be significantly accepted by the market;
- failure to obtain new customers, retain existing customers or to reduce in force policies by existing customers; and
- higher service, administrative or general costs due to the implementation of our business plan.
Readers are cautioned not to place undue reliance on these forward-looking statements. For more details on the factors that could affect these expectations, see also the risk factors and other caveats included in the documents filed by Midwest with the SEC, which can be obtained online at the Securities and Markets website. United States Exchange Commission at http: //www.sec. .gov or on the Midwest website at http://www.midwestholding.com. Except as required by law, Midwest does not undertake to update any forward-looking statements contained in this press release.
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SOURCE Midwest Holding Inc.