RetireOne Expands Platform of Low-Cost, Fee-Based Variable Annuities with Inclusion of TIAA Life's Variable Annuity

SAN FRANCISCO, Oct. 3, 2018 /PRNewswire/ -- TIAA-CREF Life Insurance Company's flagship investment only variable annuity product is now available on the RetireOne^™ platform. With some of the lowest fees in the industry, this annuity grows the RetireOne low-cost, fee-based variable annuity solution set to help RIAs and fee-based advisors efficiently meet their clients' retirement investing goals. This flexible-premium deferred annuity is a zero-surrender-fee choice for advisors who want to lower their clients' current annuity costs or for clients who've maxed out their 401(k) and IRA contributions, and want to continue to invest in equity markets on a tax advantaged basis.

"Working with TIAA Life to offer their variable annuity was a priority for us. We want our platform to include access to the lowest-cost solutions that offer real client value," said RetireOne CEO David Stone. Annuities are long-term investment vehicles, and one of the most attractive features of TIAA Life's product is the decremental pricing structure. In year 11, the M&E charge drops to 10 basis points—one of the lowest in the industry.

"We partner with RIAs and fee-based advisors to inspire investor confidence by offering a solid, grounded path to and through retirement," said Mr. Stone, "and this fee-based, low-cost variable annuity checks all of the boxes: no commission, no surrender, low investment fund expenses…It's simple, and powerful."

Demand for low-cost, fee-based variable annuities is growing among RIAs and advisors transitioning to fee-based practices. Lowering client fees, and bringing annuity assets under their management have been the top priorities for many. Offering this solution from a partner as well established as TIAA Life, combined with the expertise and experience of the Advisor Solutions Team at RetireOne makes this a natural fit. "Joining the RetireOne platform expands distribution to better serve the accumulation, income and principal protection needs of American investors," said TIAA Life's Dennis Rupp, Director Insurance Wholesaling. "As nearly 10,000 boomers retire every day, demand for quality, cost-effective retirement investments grows."

In addition to the low-cost variable annuity, TIAA Life's no-load fixed annuity fills out RetireOne's principal protection solution set with an easy-to-understand product that offers the flexibility to choose from among one or more of 10 guarantee periods. The TIAA Life no-load single premium deferred annuity is also the first immediate annuity on the platform, and will buttress the platform's income offerings as advisors work to build pension-like income streams for their clients.

"We're seeing a lot of interest in low-cost, no-load annuities from RIAs and advisors transitioning to fee-based practices," said Mr. Stone. "They want to lower client fees, and at the same time bring annuity assets under their management. For too long, RIAs have either had to outsource their annuity business, or simply ignore it. TIAA Life's annuities offer tremendous solutions for our relationship managers to share with advisors as they look to improve client outcomes, and get a fulsome view of all of their client assets."

About RetireOne

Serving over 900 RIAs and fee-based advisors since 2011, Aria Retirement Solutions' RetireOne^™ is the leading, independent platform for fee-based insurance solutions. With offerings from multiple "A"-rated companies, advisors may access this fiduciary marketplace at no additional cost to them or their clients. Currently nearing $1 billion of retirement savings and income investments, RetireOne continues to grow in its mission to revolutionize access to low-cost, innovative insurance solutions that empower investors to retire with confidence.

To learn more, visit www.retireone.com, email [email protected], or call Mark Forman at 877-575-2742.

Insurance policies are sold by Aria Retirement Solutions, Inc. doing business in California as Aria Insurance Solutions, Inc. (San Francisco, CA), a licensed insurance agency (CA License #0H44773).

Media Contact:
Karen Chang
925.326.4981
[email protected]

SOURCE Aria Retirement Solutions