Vantis Life Insurance Launches America’s Easiest-To-Buy 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 versions of the product.
"Many people who are planning for retirement, or even those already retired, have found the increased stock market volatility very troubling," said
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
"Our objective was to create America's easiest-to-buy annuity products," Simms said. "We have done that with our new Tax Saver Freedom series."
Taxes on interest earned during the life of the annuity typically are deferred until funds are withdrawn, generally when the individual is subject to a lower effective tax rate.
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.
"After analyzing the market, we are convinced we now offer America's easiest-to-buy annuities," Simms said.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vantis-life-insurance-launches-americas-easiest-to-buy-annuity-300305640.html
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Vantis Life Insurance Launches America’s Easiest-to-Sell Annuity
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