4/27/2023 0 Comments Blueprint incomeWe love how Blueprint Income gives us a way to talk about what we do and how we do it in a simple and emotive way.” And not everyone pronounced it the same way. Abaris, in Greek mythology, advised Apollo on important decisions. Abaris never clicked with users, investors or even us. A comparable request sent to returned an average payout of $1,502 a month for a life-with-cash-refund DIA and $1,933 a month for a life-only DIA.Ī January 5 post on the Blueprint Financial website said, “Frankly, the decision to update our name and brand has been an easy one. The initial quote list from Blueprint Income did not give details about the contract structures. Along with those quotes, the website indicated that it had information about additional contracts from USAA, Integrity Life, Nationwide, Americo and Foresters Financial. Mutual of Omaha offering the highest monthly payout. An RIJ request entered at the site for bids on a $100,000 deferred income annuity (DIA) for a 66-year-old male with a deferral to age 80 elicited monthly payout offers between $1,224 and $1,434 from New York Life, MassMutual, Guardian, Mutual of Omaha, Lincoln Financial, Principal, Pacific Life, Symetra, and AIG. Virtually all of the major income annuity issuers are represented on Blueprint Financial’s quote engine. Recognizing the tainted image of annuities in the public mind, Blueprint Income has distanced itself from the most widely-sold products, even distinguishing between what it calls “good” annuities (income annuities, qualified longevity annuity contracts, plain-vanilla fixed deferred annuities) and “bad” annuities (indexed and variable annuities) on its website. “We’re releasing a bunch of new tech in the next couple weeks, along with a funding announcement, so we’ve decided to hold off on talking to media outlets until then,” Carey said in an email. On its website, the company promises, “We put the customer first by taking lower commissions from insurance companies to offer you the highest possible rates.” Matt Carey, a co-founder of Abaris with Wharton School credentials, told RIJ this week that the company, whose website now indicates a Manhattan address, is delaying publicity until a hard launch of its new brand in a few weeks. It also boasts more than dozen carrier partners (including Nationwide, which has been running its own experiments with Internet-sold multi-premium income annuities in the Arizona market.) It has a friendly interface and a mission to sell not just single premium products but also multi-premium income annuities, or “personal pensions,” to people five or more years from retirement. Blueprint Income is the new name of what was Abaris Financial, a firm created in 2014 in Philadelphia to sell immediate and deferred income annuities via licensed phone reps to do-it-yourself Gen-Xers and others over the Internet.Ībaris stalled, but the new platform looks more viable.
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