FAQ
WHO IS ANNUITYSPECS.COM?
Advantage
Group Associates, Inc. has a decade of experience in the Indexed Annuity market.
Our President, Sheryl J. Moore is a market research analyst who was formerly in
charge of competitive intelligence for two Indexed Annuity carriers. She worked
in Annuity Product Development and also has experience in the product line from
administration and marketing, to product positioning and benchmarking.
WHAT IS ANNUITYSPECS.COM?
AnnuitySpecs.com is a website resource that houses snapshot specifications and rates
for all of the Indexed Annuity products on the market. In addition, we provide side-by-side
comparison tools for product analysis and the most advanced Indexed Annuity search
tool in the industry. If you need to perform a search of all products in the market
that are “10/10 compliant”- no problem! We’ve got you covered!
Plus, we provide you with sales data, Indexed Annuity news, industry resources,
and a running list of newly launched products.
For those of you new to the industry, get acclimated with “The
Basics.” This is a public area of the site where you and your clients
can find out more about the Indexed Annuity market, the terminology associated with
it, and some of the most frequently asked questions that aren’t so easily
answered.
HOW IS ANNUITYSPECS.COM DIFFERENT?
We are the only Indexed Annuity product resource that is NOT RUN BY AN INSURANCE
AGENCY. This is more important than one would think, especially if you are an agent,
or a competitive intelligence representative. Your other alternatives to gaining
access to this information are marketing organization spreadsheets and a couple
of competitors that offers websites or publications out of the back offices of their
insurance agencies. They want their audience to sell the products that they
report on, as they will receive an override on the products that are in their publications.
So, if there is a particular product feature that may not be so appealing, they
may not mention it, or they may skirt around the issue.
We have NO VESTED INTEREST IN ANY PRODUCT on this site whatsover. We do hold valid
life and health licenses, but are not/and have never been contracted with any carriers.
We do not sell or endorse any financial products. For that reason, you will
never see any bias in the presentation of the products on this site.
Most importantly, we believe in FULL DISCLOSURE.
We're the only place you can find EVERY CARRIER and EVERY PRODUCT IN ONE PLACE.
Every agent needs a tool that can help them present the best Index Annuity for their
clients with confidence. This website can give you that confidence.
HOW FREQUENTLY IS THE SITE UPDATED?
We perform rate updates at least weekly. We also update for product launches, discontinuations,
and modifications daily; as we receive the necessary information to update the product
profiles.
HOW DO YOU OBTAIN THE INFORMATION?
Most of the information on AnnuitySpecs.com is sent to us proactively by the carriers
in the Indexed Annuity market. Specifications are taken primarily from specimen
policies and marketing materials. Any missing data is requested directly from
the home office; product profiles are also sent to the home offices for review.
Our rates are obtained through a variety of sources: many home offices and distributors
send them to us proactively, we have access to many home offices and distributors’
websites, and we also rely on other competitive intelligence methods.
HOW MUCH IS THE MEMBERSHIP?
Licensed producers and registered representatives seeking access for a single-user
license agreement are offered an annual subscription to AnnuitySpecs.com for $300.00
payable by Visa, MasterCard, Discover, or American Express. If you are an
employee in a Home Office, Broker Dealer office, or Marketing Organization, you
must be covered under a multi-user license agreement. Please
contact us directly for terms and pricing on multi-user license agreements.