Abaris Financial, Inc. Launches First Direct-to Consumer Online Platform for Annuities

PHILADELPHIA - March 23, 2015 - PRLog -- Abaris Financial, Inc. (www.myabaris.com), a Philadelphia, Pennsylvania based company has launched the first direct-to-consumer online platform for Deferred Income Annuities. The Abaris platform eases the process of annuity education, quoting, comparison and purchasing. The market for Deferred Income Annuities grew last year by over 20% to  $2.7 billion in sales, according to recently released data released by LIMRA.

“10,000 Americans are retiring every day in this country and they face the significant challenge of managing their retirement spend down. Today the right tools aren’t available. Just about everyone is spending too little or too much of their savings. We’re changing that with Abaris. With our platform pre-retirees can buy a stream of guaranteed income later in retirement that they won’t outlive,” says Abaris Financial CEO, Matthew Carey.

Abaris has created educational content focused on providing unbiased and transparent information for consumers contemplating different retirement spending strategies. Consumers can learn more about annuities and then have the ability to receive real-time quotes from the insurers Abaris is appointed with.

The Company is appointed with seven insurance carriers including Lincoln Financial, Principal Financial Group and Guardian Life and is actively seeking more insurers. “Our insurance partnerships ensure our customers have options from across the market, creating a true marketplace,” says Carey.

Abaris Financial was founded at the Wharton School of Business by Matthew Carey, Adam Colombo and Nimish Shukla. The team brings prior experience from the U.S. Department of Treasury, Lazard, BlackRock, PayPal and Stifel Nicolaus. The Company has raised approximately half of a million dollars in angel funding. The Company’s fixed annuity producers are licensed in all 50 states and the District of Columbia.

Abaris Financial, Inc. is a fixed annuity producer based in Philadelphia, Pennsylvania. Abaris Financial, Inc.’s licensed fixed annuity producers are licensed in 50 states and the District of Columbia. Nothing herein constitutes an offering or solicitation to sell securities, nor does it constitute financial or tax advice.

Photo:
https://www.prlog.org/12438060/1