Conning and Ramius Alternative Solutions LLC, which develops and manages customized alternative investment portfolios, have entered into a strategic alliance.
Conning and RASL are developing tailored strategies for insurers that utilize a variety of liquid instruments created in recent years – including exchange-traded funds and total return swaps – that are designed to produce returns that have low correlations to existing client portfolios. This approach provides exposure to sources of return traditionally available only to investors in hedge funds but with lower fees and capital charges as well as greater transparency and liquidity.
Minnesota Life is offering a life insurance option that lets policyholders choose eithera lump sum, equal payments or a combination of the two depending on how they wish to divvy up their benefits.
A possible advantage of an installment payout could be a cut in premiums upwards of 20 percent, according to Minnesota Life. Another advantage is that a benefit paid out in installments may withstand inflation.