Los Angeles based Annuity2buy.com just launched a new free online annuity quoting service to provide general information and access to varieties of annuity products from top quality insurers to facilitate community baby boomers and existing retirees in retirement planning.
To compete with traditional players like insurance companies or captive agents who only sell products from a single predetermined company, Annuity2buy.com debuts a truly vendor independent solution by providing access to unbiased information from state officials, major insurance rating companies for objective rating of individual annuity products and insurers, and detailed annuity quotes from agents representing different top quality insurers. The benefit derived from all these is that a prospective annuity buyer can not only be better informed before making major financial decision of buying any specific annuity product with long-lasting financial effect, but also be able to implement their purchasing decision with quality products and services from top annuity providers.
Said Annuity2buy.com founder Dr. George Lee, "We have successfully built a powerful online platform for providing vendor independent information and quality annuity quotes from top insurers for baby boomers and retirees in their retirement planning and plan execution. No longer does a potential annuity buyer have to subject oneself to insurance salesman's endless phone harassment to get quality quotes. No longer is a prospective annuity purchaser confined to limited annuity features or contract terms from any single insurer. Prospective annuity buyers are now in much better position than before to exercise independent judgment and to make truly informed decision. When insurers compete, annuity buyers win."
Although the financial service industry is extremely competitive in California, Dr. Lee has confidence Annuity2buy.com can carve out a niche. Due to the high complexity of modern annuity products, many people who have real needs and ability of buying annuity usually fail to explore such powerful retirement vehicle beyond their existing limited exposure to features of CD, IRA and 401k. Annuity2buy.com is designed to help these people bridging the knowledge gap between the most basic traditional retirement vehicles of IRA and 401k to more advanced annuity products, so that many more unique and advanced features a typical annuity offers can be effectively explored and exploited.
At the time of bad economy, many baby boomers have come to sudden horrified realization that their tax deferred retirement accounts, including many IRA and 401k accounts, actually suffered substantial loss. It may just take one single bad year to wipe out most of the accumulated gain in the past decade. To baby boomers and retirees, this type of financial uncertainty is not only intolerable, but may spell financial disaster for a retiree. There is obviously a pressing need for them to seek for better financial vehicle than conventional equity or fixed-income financial instruments. The ideal vehicle needs to be able to not only grow capital at equity-like high rate in good years, but also to preserve capital in bad years. A well structured annuity not only can meet all these requirements, it is also the only financial vehicle that can guarantee one not to out-live one's own money. "Effective use of annuity therefore is truly the key to secure retirement."
Unlike many competitors who carry many different types of other insurance products, Annuity2buy.com specialized itself in annuity products only. "It always takes focused effort to be a top provider of any financial product. Annuity is no exception.", said Dr. Lee. "If you are looking for best advice and deal in annuity, it makes absolutely no sense to go to a generic carrier of both annuity and insurance products. Because annuity and insurance are two very different things. As an annuity specialist, Annuity2buy.com is definitely your one stop shop to go for all your annuity needs."
