This is a pretty interesting product that appears to have been design for the investment environment that we live in today.
There is also what is referred to as the "packaged options."
The 3 packaged options come from Curian Capital.
In a nutshell, the packaged options seek to offer long-term upside exposure and growth while limiting downside exposure and short-term losses.
The blend of these 2 overall categories varies among the 3 packages, and the package names refect this:
Allocations between the 2 broad asset categories are continually evaluated by Curian and can be adjusted on a day-to-day basis.
Pretty cool. So many investment advisors loosely refer to risk management. These packaged options actually make day-to-day professional risk management a reality--not something that needs to be managed by the contract owner or their investment advisor.