Vantis Life Insurance Launches America’s Easiest-to-Sell Annuity
Vantis Life, which primarily sells its products through banks and credit unions, created the products without complicated, hard to understand "bells and whistles" that can be typical of indexed and variable annuities.
"Many people who are planning for retirement, or even those already retired, have found that stock market volatility is very troubling," said
The product is offered in three versions: Return of Principal (ROP), Non-ROP and Market Value Adjustment (MVA). In addition, all versions offer nursing care facility waivers and terminal illness waivers. There are no front-end loads or annual fees. The minimum investment from non-qualified funds is
Also, unlike some other annuities, the new Vantis products are not automatically renewed with new surrender charges at the end of the term. Most other companies will send a notification about 30 days prior to the end of an annuity term. However, many people find they have missed a deadline and are stuck with a renewal they did not really want and perhaps did not need.
"We continue to target the under-served middle income and emerging affluent markets," Simms said. "These markets too often don't have the planning and investments they need to lock in secure retirements."
"Our objective was to create America's easiest-to-sell and easiest-to-buy annuity products," Simms said. "We have done that with our new Tax Saver Freedom series."
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Vantis Life Insurance Launches America’s Easiest-To-Buy Annuity
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