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LV Strengthens its Enhanced Annuity Offering

April 23, 2011 By jgannuit Leave a Comment

LV Strengthens its Enhanced Annuity Offering










Bournemouth, UK (PRWEB) November 30, 2008

Flexible retirement solutions provider LV= has improved its enhanced annuity product by increasing the number of medical conditions accepted for enhanced terms under its conventional and with-profits annuities.

In addition to the medical conditions already accepted, customers who have a combination of milder conditions, such as high blood pressure and high cholesterol, and disclose them at application, may now be eligible for an enhanced annuity rate and an increased income in retirement (http://www.lv.com/savingsandinvestments/Retirement ).

Customers suffering from two or more mild medical or lifestyle conditions may now be able to qualify for enhanced annuity (http://www.lv.com/annuities/pension_annuity ) rates offering up to 7.5% more income than a standard annuity from the market leading provider. The new qualifying conditions include high blood pressure, being overweight, high cholesterol, smoking cigars, and smoking less than 10 cigarettes each day.

Matt Trott, Head of Annuities (http://www.lv.com/annuities ) at LV= commented: “We hope the improvements to our enhanced annuity will encourage more people to apply and potentially receive a higher income in retirement. Many conditions that people may think are trivial and won’t enable them to qualify for an improved annuity, such as high blood pressure, may in fact open the door to enhanced annuity terms.

“It is therefore even more important that customers are open and honest about their health and medical conditions with their financial adviser. Even relatively minor conditions could increase the income they receive in retirement for the rest of their life.”

Examples of potential income increases, with the improved LV= product, compared with a standard annuity from the market leading provider:


A 65-year-old male smoker could receive an extra £147 in income each year, equivalent to an increase of 3.2%*, having disclosed he is receiving treatment for high blood pressure and high cholesterol, as well as being obese.

A 65-year-old male smoker who is overweight who purchases a joint life annuity that will provide a 50% dependant benefit to his 62-year-old wife, will receive an extra £167 in income each year, equivalent to an increase of 4.8%**, having disclosed he is receiving treatment for both high blood pressure and high cholesterol.

About LV (http://www.lv.com/ )

LV= is a registered trade mark of Liverpool Victoria Friendly Society Limited (LVFS) and a trading style of the Liverpool Victoria group of companies. The new LV= brand identity was launched in March 2007.

LV= employs over 3,500 people, serves more than 2.5 million customers and members, and manages around £8 billion on their behalf. We are also the UK’s largest friendly society (Association of Friendly Societies Key Statistics 2008. Total net assets) and a leading mutual financial services provider.

LVFS is authorised and regulated by the Financial Services Authority register number 110035. LVFS is a member of the ABI, AMI, AFS and ILAG. Registered address: County Gates, Bournemouth BH1 2NF.

Notes to editors:

*Annual income of £4,684 after client disclosed further lifestyle and medical conditions, versus £4,537 source: LV= quotations as at 18/11/08. NB: Starting annuities assuming a male single life based on a lump sum of £50,000, annuity payable monthly in advance with no guarantee period.

**Annual income of £3,672 with LV= enhanced annuity, versus £3,505.32, source: FSA comparison tables as at 11/11/08; LV= quotation as at 11/11/08. NB: Starting annuities assuming a joint life based on a lump sum of £50,000, annuity payable monthly in advance with no guarantee period. Spouse/partner annuity of 50% payable without overlap.

For further information please contact:

Lucy Pope

Press Office

LV=

County Gates

Bournemouth

BH1 2NF

01202 502 204

http://www.LV.com

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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







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Annuity FYI Releases List of Most Competitive No-Load Annuities

April 23, 2011 By jgannuit Leave a Comment

Annuity FYI Releases List of Most Competitive No-Load Annuities










New York, NY (PRWEB) December 7, 2009

No-load variable annuities are sold directly to investors and do not require commissioned brokers (but can often be purchased through brokers). No-load variable annuities do have M&E fees, although usually they are significantly lower than load annuities – as low as 0.20% with a no-load vs. 1.50% or more for a loaded annuity. Portfolio fund management (sub-account) fees associated with no-load variable annuities are about the same as loaded variable annuities, but no-loads typically will not charge a 12b-1 fee.

No-load annuities do not have surrender charges, so they can be a good option for investors needing spur-of-the-moment access to their money (although even with no-load annuities, investors under the age of 59 ½ are subject to a 10% federal excise tax as well as ordinary income taxes on any gains). The most competitive no-load annuities offer the same guaranteed minimum income and death benefits you’d expect with a loaded annuity.

Annuity FYI highlights as an example Ohio National’s ONcore Wrap No Load Annuity has an optional Guaranteed Income Benefit and Death Benefit. Annuity FYI considers both riders to be among the most competitive in the market. Not all no-load variable annuities offer optional living and death benefit riders, so Annuity FYI cautions that investors ask specifically before making an investment decision, or visit Annuity FYI’s Compare No Load Annuity table.

Annuity FYI does caution investors that when you purchase a no-load annuity, you are not getting service from your financial professional. A commission fee is a way of compensating these professionals for their service. Spending time with you discussing your goals and various investment programs, and regular correspondence, are some of the services generally provided in exchange for a commission fee. If looking for a relatively high degree of support and advice, the commission fee, or ‘load’, may be worth it.

Annuity FYI suggests that for investors who do not need a high level of guidance from a financial agent, and who are comfortable monitoring their own investments in exchange for lower fees, no-load variable annuities may be appropriate. For more information on No-Load Annuities, contact an Annuity FYI Expert at 1-866-223-2121. Or, send your inquiry by e-mail to support@annuityfyi.com.

ABOUT ANNUITY FYI

Annuity FYI is a free resource for learning about, comparing, and selecting the most competitive annuities. Annuity FYI was launched in November of 2000 and since then has become the nation’s most respected resource for educating investors on annuities. Annuity FYI has been featured in leading financial publications including Barron’s and The Wall Street Journal. Annuity FYI’s mission is to seek out the very best annuities and annuity riders among the thousands of products in the marketplace, and give investors the expert resources necessary to make an informed annuity purchase. Specifically, Annuity FYI researches the universe of annuities in the US market, identifies the very best annuity products and riders in each category, presents best-of-class annuities in an organized, easy-to-read format, and educates investors about the types of annuities, their advantages and shortcomings. Annuity FYI also makes Annuity Experts available to individual investors toll-free to answer questions about annuities at 866 223-2121.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







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Annuity FYI Endorses Secondary Market Annuities, With Rates as High as 7.75%

April 23, 2011 By jgannuit Leave a Comment

Annuity FYI Endorses Secondary Market Annuities, With Rates as High as 7.75%












New York, NY (PRWEB) June 15, 2010

Annuity FYI, a leading retirement planning resource, announced today its endorsement of Secondary Market Annuities, which currently offer guaranteed interest rates as high as 7.75%.

Secondary market annuities require a fixed one-time investment amount, typically between $ 40,000 and $ 500,000. In exchange, the investor receives a guaranteed rate of return over a specified time period, through a series of lump sum and or periodic payments. The payment of secondary market annuities is safe and dependable — personal annuity receivables are direct obligations of insurance companies such as MetLife, John Hancock, Pacific Life, Allstate, Prudential, The Hartford, Aegon, and other A and AA rated carriers.

Annuity FYI offers a comparison table highlighting actual secondary market annuities, informational resources about these products, and free access to Annuity FYI Experts via e-mail and telephone. Investors can see the amount of investment required, as well as the timing of returns and monthly compounded effective yields. A recent example includes a $ 50,000 investment in a Transamerica secondary market annuity guaranteeing total repayment over 24 years of $ 300,000, for an effective annual compounded yield of 7.75%. Annuity FYI also offers an exclusive weekly e-mail alert to inform investors of current secondary market annuity offerings.

“Most investors have never heard of secondary market annuities,” commented Greg Shaughnessy, Director of Marketing for Annuity FYI. “They have no idea that they can participate in a long-term, guaranteed fixed rate of return investment that is currently much higher than fixed annuities, bank CDs, and bonds. Annuity FYI’s comparison table and free e-mail alerts is one of the few ways for investors to find out about these opportunities.”

ABOUT ANNUITY FYI

Annuity FYI is a free resource for learning about, comparing, and selecting the most competitive annuities. Annuity FYI was launched in November of 2000 and since then has become the nation’s most respected resource for educating investors on annuities. Annuity FYI has been featured in leading financial publications including Barron’s and The Wall Street Journal. Annuity FYI’s mission is to seek out the very best annuities and annuity riders among the thousands of products in the marketplace, and give investors the expert resources necessary to make an informed annuity purchase. Specifically, Annuity FYI researches the universe of annuities in the US market, identifies the very best annuity products and riders in each category, presents best-of-class annuities in an organized, easy-to-read format, and educates investors about the types of annuities, their advantages and shortcomings. Annuity FYI also makes Annuity Experts available to individual investors toll-free to answer questions about annuities at 866 223-2121.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Filed Under: Annuities Table Tagged With: , , , , , , ,