There’s a number by which every FIA is judged: the S&P 500 cap. It’s the figure that dominates sales presentations, drives competitive positioning, and often determines whether a product flies off the shelf or collects dust. But here’s what most people don’t realize. That shiny, competitive cap plastered across marketing materials might actually be a modest crediting budget wearing a very expensive disguise.

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After establishing itself as a serious newcomer in the MYGA market, Charlotte, NC-based Knighthead Life is heading in a new direction. Earlier this week, the AM Best A- ratedcarrier launched two new FIAs—the first indexed-linked products in its annuity lineup. Chartline and Chartline Bonus join Knighthead’s Staysail MYGA as accumulation-focused products that offer principal protection. The FIAs will look to build on the success of their Staysail sibling, which has routinely sat near the top of the competitive leaderboard since its launch.

For clients who own a tax-qualified LTC insurance policy, the tax advantages are significant. Whether it's a traditional or hybrid plan, benefits grow tax-free within the policy — and if a claim is made, those benefits are generally received tax-free as well. In 2026, benefits are tax-free up to the actual cost of care, or $430 per day for cash indemnity plans (indexed annually).

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Now compare that to a client who decides to self-fund for long-term care...

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