Presentation on theme: "Ensuring Lifelong Income: Best Practice Delivery Kelli Hueler President, Hueler Companies Copyright® 2007 Hueler Investment Services, Inc."— Presentation transcript:
Ensuring Lifelong Income: Best Practice Delivery Kelli Hueler President, Hueler Companies Copyright® 2007 Hueler Investment Services, Inc.
Current Annuity Market Problems with traditional delivery - retail cost laden broker driven - institutional all or nothing no choice Conventional wisdom among employers -exclusive relationships -low-cost contracts
Annuity Purchasing Platform Mission - transform existing annuity delivery Guiding principle - create a platform that served the best interests of each individual participant Goal - create “best practice” delivery model - make new model the standard
Critical Components of a Best Practice Delivery System Institutional pricing Meaningful competition Universe of high quality issuers Transparency IRA rollover option Standardized quote request/response formats Web-based delivery Partial annuitization option Independence
Impact of Inflation Protection 4% Drawdown on $100,000 = $4,000 per year -Market Risk, Potential Loss of Principal -Longevity Risk -Inflation Inflation Protected $100,000 Single Life Only Annuity = $6,000 per year -Above risks are eliminated -50% Annual Increase in Income (without adjustments for inflation)
Future Vision “Best practice” model becomes market standard Continue to build delivery network = increase volume, shape market, drive pricing Broad accessibility Product development and enhancements Promotion of non-biased participant communication and education