Ibexis Life & Annuity Company Ratings and Review

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Ibexis Life & Annuity Insurance Company

Ibexis Life & Annuity Insurance Company™ offers fixed annuities that are backed by their financial strength, dedicated service, and secure technology.

They have designed innovative annuity products that are designed to help you get the most out of your investments, increasing your wealth without any risk of principal loss.

Ibexis is licensed in all states and the District of Columbia except for Alabama, New Hampshire, New Jersey, New York, Tennessee, Vermont, and Wisconsin.

Ibexis Life & Annuity Insurance Company entered into a dedicated asset management agreement with Investcorp Insurance Solutions (“IIS”). IIS is a wholly owned subsidiary of a leading global investment manager, Investcorp. 

Investcorp specializes in alternative investments across private equity, real estate, credit, absolute return strategies, GP stakes, infrastructure, and insurance asset management.

As of December 31, 2021, Investcorp Group has $40.4 billion in total AUM, including assets managed by third-party managers. Investcorp previously owned brands such as Tiffany & Company, Gucci, and Saks Fifth Avenue.

Their trusted, long-term backing and 40-year track record of investing in North America suggest Ibexis™ may maintain financial stability and offer innovative products at competitive rates for the foreseeable future.

Ibexis's Timeline

  • Ibexis was originally established as Sunset Life Insurance Company of America (SSL) in 1937.
  • In 1975 SSL was acquired by Kansas City Life and redomiciled to the State of Missouri.
  • In 2021, SSL was purchased by Investcorp, an insurance-focused investment platform to
    operate as a free-standing entity.
  • In 2022, SSL was rebranded as Ibexis Life & Annuity Insurance Company™ with a new, exclusive focus on fixed annuities.

Ibexis Life & Annuity Insurance Company Ratings

In April 2022, Ibexis Life & Annuity Insurance Company announced they received an A- Rating from AM Best (Excellent) is the 4th highest of 13 ratings. 

Ibexis Annuity Rates

The Ibexis MYGA Plus Annuity is an innovative product that combines a daily guaranteed interest crediting method with an Indexed Linked Option. The Indexed Linked Option allows you to allocate a portion of your annuity to a guaranteed interest rate option as well as to an index annuity crediting strategy offering more upside potential while still ensuring principal protection.

Two Ways to Earn Interest

Multi-Year Guaranteed Fixed Option

The guaranteed Fixed Rate Option (MYGA) pays an annual rate of simple interest that is guaranteed for the term of the annuity.

Index-Linked Option

An Index-Linked Option that pays a higher rate of interest than the Fixed Option, if the selected index value is higher than the previous year’s value.

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Ibexis Life and Annuity Company Contact Information

Mailing Address
PO Box 84008
Lincoln, NE 68501

Overnight Mailing Address
777 Research Dr.
Lincoln, NE 68521

Phone number
(866) 376-1669

Website
www.ibexis.com

Agent New Business
ibexisnewbusiness@nttdata.com

Agent and Policyholder Policy Service
ibexispolicyservice@nttdata.com

Ibexis Life & Annuity Company Leadership

CEONate Gemmiti, JD

Nathan Gemmiti (“Nate”) serves as the Chief Executive Officer and Director of Ibexis. In leading the strategic direction and the day-to-day management of the company, Mr. Gemmiti brings his experience in founding Knighthead Annuity & Life Assurance Company, an insurer that offers fixed annuity products to non-US persons through over forty bank and broker-dealer relationships.

At Knighthead Annuity, Mr. Gemmiti and his business partner took an idea and eventually built a fully functioning insurance company that grew to generate $235 million of annual revenue. Prior, he was an Operating Partner at Apollo Management LP, where he assisted in the launch and growth of Athene Annuity.

He is a lawyer by training, having started his career at a large New England-based law firm and served as General Counsel of a publicly traded reinsurance company.

He is a graduate of Boston College Law School and Saint Anselm College. He is admitted to practice law before multiple courts of law, including the Supreme Court of the United States.

 

Chief ActuaryAlex Rupelli 

Alex Rupelli serves as the Chief Actuary and leads all aspects of the actuarial function including pricing, product development, ALM, ERM, capital management, and financial reporting. Most recently, he was the Chief and Appointed Actuary of Global Atlantic Assurance limited.

Prior to that, he worked in various positions of increasing responsibilities at Athene Holdings. He also held multiple jobs in Actuarial consulting. He is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, and earned his Bachelor of Science in Mathematics from Florida Atlantic University.

 

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