Annuitization

The actual process of converting a sum of money into a stream of income and the point at which annuity payments begin. For example, with Social Security the sum of money that has hypothetically been accumulating over one’s working years would be annuitized when the person chooses to begin receiving Social Security benefits.

Francois Gadenne and the Formation of the Retirement Income Industry

Francois Gadenne is the Chairman and Executive Director of the Retirement Income Industry Association (RIIA).

Formed in 2006, RIIA is bringing together the leading minds and resources in the relatively young retirement income industry. RIIA members include leading academics, banks, insurers, fund companies,...

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Retirement Income Industry Association

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Low Consumer Awareness

Submitted by Anonymous on Tue, 12/20/2011 - 13:30

A story from the UK confirms that consumer awareness of annuities is quite possibly the lowest of any consumer financial services product.

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Western and Southern

Short Company Name:

Western and Southern

Long Company Name:

Western and Southern Life

Company Type:

Insurance Company

Web Site:

https://www.westernsouthernlife.com/

Address

Street Address:

400 Broadway St.

City:

Cincinnati

State:

ZIP Code:

45202

Country:

USA

Phone Number:

866-832-7719

Fax Number:

513-362-2359

Year Founded:

1888

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Union Central

Short Company Name:

Union Central

Long Company Name:

Union Central Life Insurance Company

Union Central Life Insurance Company was founded in Cincinnati, Ohio in 1867. Today, Union Central Life operates under the umbrella of UNIFI Mutual Holding Company.

Union Central Life Insurance Company offers insurance and financial products and services to individuals and businesses that include life insurance, annuities and disability Income insurance. Below is a high level description of its product offerings:

Company Type:

Insurance Company

Web Site:

http://www.unioncentral.com/

Address

Street Address:

1876 Waycross Rd. P.O. Box 40888

City:

Cincinnati

State:

ZIP Code:

45240

Country:

USA

Phone Number:

800-319-6901

Fax Number:

513-595-2559

Year Founded:

1867

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Western National

Short Company Name:

Western National

Long Company Name:

Western National

Western National Life Insurance Company was founded in 1944 and is located in Houston, Texas.

The company was named as American General Annuity Insurance Company between 1998 and 2009. It was one of the first insurance companies to offer fixed annuity products specifically for sale through banks and has been the leader in that market for several years.

Western National Life Insurance Company’s product range includes traditional fixed and indexed tax-deferred annuities and single premium income annuities. Below is a brief overview of its products:

Company Type:

Insurance Company

Web Site:

http://www.wnl.com/

Address

Street Address:

2929 Allen Pkwy., Ste. 3800

City:

Houston

State:

ZIP Code:

77019