Nationwide and Annexus have launched an indexed universal life insurance (IUL) product featuring investment strategies linked to an actively managed mutual fund and an S&P Dow Jones index.

Nationwide and Annexus have launched Nationwide New Heights IUL II, which they describe as the first IUL insurance policy to offer a strategy linked to an actively managed mutual fund. The launch builds on the firms’ earlier work in indexed products The product includes index strategies linked to American Funds The Growth Fund of America Class F-3, an actively managed mutual fund managed by Capital Group. It also features the S&P 500 Distance Stabilizer Index, developed by S&P