Annuity IQ is Adding New Contracts to Their Database

Posted by Ray on August 4, 2006 under Main | Be the First to Comment

Annuity IQ are about to announce that they are initiating coverage of two new variable annuity contracts. They have decided to add Genworth and Lincoln National to the list of existing annuity coverage.

Also, Annuity IQ is looking at initiating coverage on Midland National. Midland just released a new variable annuity designed for advisors and it looks fairly interesting. Our concern is that the new contracts do not generate enough business to be worth adding to the variable annuity database. Annuity IQ requires 1 billion dollars in sales to even be considered to being added to tour ratings list.

I am excited to be adding these two new contracts to our database and we should have all the information within a couple of weeks. Genworth barely missed out being rated last spring, as their numbers were less than 1 billion in sales. Lincoln was above the 1 billion dollar threshold, but they did not have any stand out living benefits, now they have some interesting things cooking over their.

We will keep you updated when these new contracts get added to our database.