For too long, insurance companies sat on the sideline with account-based retirement programs such as the 401k and 403b. In the past, plan sponsors and their advisors were focused on offering equity and fixed income investments as supplemental savings, at a time when traditional pensions still guaranteed a “market-immune” monthly lifetime income. That balance of longevity risk and return between plan sponsor and employee that worked 30 years ago no longer works without corporate pensions in the mix.
We believe insurance carriers need to become a major player in the defined contribution market to help retirees better manage the longevity risks that have been shifted to them over the past 15 years. Is your company in the market of providing Qualified Longevity Annuity Contracts (“QLACs”)? Do you want to make major inroads with plan sponsors to help retirees avoid running out of money in retirement?
ANNUA would like to help position your QLAC products within the plan sponsor community. Consider expanding your product coverage through our Dietrich Direct Quote system.