A Revolt Against PE-Led Annuity Issuers
December 14, 2021 by Kerry Pechter
A Pittsburgh insurance broker and a Richmond, Virginia forensic accountant have developed an alternative rating system for measuring the ability of life/annuity companies to keep their promises even in market crises.
Click HERE to read the full article via RIJ
Wink’s note: Matt Zagula- I read about your first-ever FMO for mutual and fraternal insurance companies with Kerry Pechter‘s Retirement Income Journal. Congratulations! I’m interested!
Mutuals and fraternals TYPICALLY distribute through a career agency distribution. There aren’t a slew that distribute through independent agents, although this has been a recent trend.
How many insurance companies do you have contracts with, outside of Greek Catholic Union? Do those companies have enough appetite for annuity sales, to support your downline’s annuity needs?
When did the index on Aquila X go live, by the way? I don’t see any disclosure to that effect, so your help would be awesome.
Are you willing to share your algorithm for your “Transparency, Surplus, and Riskier Assets (TSR)” rating of insurance companies? I find that part of your story fascinating.
I am interested in how many insurance agents will pay you $197 per month, when they perceive that the FMO should be giving them these services for free. What is the target demographic agent that you are looking to do business with? -sjm