US based Impact Partnership and Security Benefit Life Insurance have jointly launched a new fixed index annuity product, the Total Value Annuity (TVA).

With an initial limited release to 2,000 advisors, the TVA offers three interest crediting options, including a fixed account with ensured minimum interest rate, and upside potential.

TVA features an open index crediting option which is non-correlated to traditional asset classes and offers a new Death Benefit rider and a unique Income Rider policy.

The company said that TVA assures to provide advisors with the earlier unavailable options for insuring their clients’ retirement income.