Ability Insurance Company ("Ability"), a Nebraska-based (re)insurer of life and health policies and annuity products, has announced the launch of its initial suite of multi-year guaranteed annuity (MYGA) products. The rollout is led by the company's flagship ReliAbility™ MYGA, which is available in 3-year, 5-year, 7-year, and 10-year terms.

MYGAs are a category of fixed annuity that lock in a guaranteed interest rate for a specified term, functioning comparably to certificates of deposit but issued by insurance companies with the added benefit of tax-deferred growth. The products have seen heightened demand in recent years as consumers sought predictable returns amid fluctuating interest rates and equity market uncertainty.

The retirement solutions are designed to provide predictable growth and protection from market volatility, with flexible terms that can be tailored to an individual's timeline and tax-deferred interest accumulation. Ability positions these guaranteed rate products as a compelling option for individuals seeking simplicity, reliability, and underlying growth without undue exposure to market risk.

Ability is backed by Mount Logan Capital Inc. (Nasdaq: MLCI) ("Mount Logan"), an integrated alternative asset management and insurance solutions platform focused on managing investments for the benefit of policyholders and investors. The launch reflects a broader trend of alternative asset managers leveraging insurance platforms to expand into retirement and annuity markets.

Anna Elliott, President of Ability Insurance Company, said: "The launch of ReliAbility™ MYGA marks an important step forward in our commitment to helping people secure their financial futures during retirement. As demand grows for solutions that deliver guaranteed, predictable growth, protect principal, and provide a strong foundation for long-term financial planning, Ability Insurance Company is proud to introduce an offering that meets our clients' evolving needs."

Sam Reinhart, Ability Board Member, said: "Today's retirees are seeking greater clarity and control as they plan for the years ahead. Ability's new MYGA suite is designed to offer the flexibility needed to tailor a strategy that fits their unique goals, while providing the confidence that their financial future is well supported."

Ability states that its mission is to equip everyday Americans with the tools needed to make informed financial planning decisions. This commitment was recently recognized with a B+ ("Good") rating from AM Best, the world's first and largest credit rating agency serving the insurance industry. The B+ rating places Ability in the "Good" security category, though below the higher ratings held by many larger, established annuity carriers in the competitive MYGA marketplace.

The products described may not be available in all jurisdictions or to all customers. Coverage is subject to the annuity contract terms and conditions. Products and pricing may vary by state.