In business since 1991, Actuarial Strategies has gained distinction by identifying product solutions to market opportunities. We bring a broad understanding of client needs, market requirements, pricing and risk issues, project parameters and implementation requirements to help our clients turn opportunities into financial and market successes.
The Pension Protection Act (PPA) passed in 2006 creates major opportunities for insurance and LTC combinations under certain conditions. There is major activity going on in the industry in this segment mostly in anticipation of the January 2010 effective date, but also a fair amount of work for those who want to enter the market earlier.
This Act provides favorable tax treatment of suitably structured long term care benefits within annuities, thus in effect transforming a tax-deferred vehicle into a tax-free vehicle when so used. The market need for such offerings is great. Customers can use the combination to address both traditional annuity needs and long term care needs in one instrument.
The implications of PPA are particularly promising because no other financial security (e.g., mutual funds) can provide the same type of benefit to clients, and consequently the insurance industry has the opportunity not only to expand sales but to collectively increase market share at the expense of such competing offerings.
Actuarial Strategies, Inc. may well have a leading market share in the combination arena, and certainly it is one of the top providers. We have been in the combination business since 1996 (HIPAA) and have been actively involved in the annuity side even before the passage of PPA. Our services are comprehensive, so we can help guide or complete an entire project for a company, or contribute more selectively. Many companies, for example, don’t want to become a full service LTC provider, but would like to provide LTC to drive their annuity business. How to do that? A feasibility study can answer how to do just that. Of course, we design and price products as well -- indexed, variable, or fixed; life, deferred or immediate annuities.
Click here for full story…
We welcome your inquiries.
|
Mary is a 25 year veteran of financial services and expertise in Annuities, with a successful track record of growing businesses. As EVP, Mary will lead Marketing and Strategy for ASI. With experience as a senior executive and innovator, Mary looks forward to working with you.
