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| Are You Setting Aside Enough Money For Retirement? |
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| QuickenInsurance Offers Consumers Online Annuities Tools for Increased Retirement Security |
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Mountain View, CA -
May
25,
2000 -
Annuities have recently become more attractive investment options for retirement savings. Once considered too expensive and inflexible, annuities are increasing in popularity as insurance providers continue to introduce low-cost products with a variety of investment options. However, retirement planning - and annuities in particular - continues to remain a confusing issue for many individuals. Until now.
QuickenInsurance (www.QuickenInsurance.com), the leading online insurance marketplace, provides consumers with some of the necessary tools and materials needed to better educate themselves on how annuities can bolster financial security. The QuickenInsurance Web site addresses consumer's frequently asked questions regarding annuities, such as:
- What is an annuity? An annuity is a tax-deferred investment vehicle packaged as an insurance product.
- Is an annuity right for me? Whether or not you should purchase an annuity depends on your individual situation. Are you already contributing the maximum amount to your tax-deferred qualified retirement plan? Are you looking for additional tax-deferred opportunities? QuickenInsurance poses these and other questions that will help consumers determine if buying an annuity is right for them.
- What are the different types of annuities? There generally are two ways to classify annuities based on their key features: the timing of the benefit payments, and how the annuity earnings accumulate. The QuickenInsurance Web site provides individuals with various benefit payment and annuity earning options.
- What pay out options are available? When you begin to receive regular payments from your annuity, the amount of the payment will generally be determined by the value of the account, your age and the pay out option you select. QuickenInsurance highlights the variety of pay out options consumers can choose.
"Insurance is not just protection, it is also peace of mind," said Steven Aldrich, President and General Manager for QuickenInsurance. "By bringing annuities products to our wide spectrum of insurance offerings on QuickenInsurance, consumers may now have added peace of mind knowing that they are financially prepared for their future."
Completing a short questionnaire enables consumers to determine if annuities are right for them and the types of products would be the most effective. If consumers decide that additional retirement security is needed, QuickenInsurance can instantly provide fixed and variable annuities choices through reputable companies such as the Principal Financial Group, GE Capital Assurance (GECA), Allmerica Financial Life, Wester-Southern Life, and TransAmerica.
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ABOUT QUICKENINSURANCE
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QuickenInsurance (www.QuickenInsurance.com) is the leading insurance service Web site on the Internet, offering real-time, online term life and auto insurance quotes, complete with payment options. The site, which was named the top insurance aggregator by Morgan Stanley Dean Witter in 1999 and the #1 online insurance firm by Gomez Advisors, also features a library of educational material to assist consumers in learning more about insurance, as well as interactive insurance planning tools and information from independent experts.
QuickenInsurance is part of Quicken.com™ (www.Quicken.com), which provides individuals with information and software tools to help them make better financial decisions.
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ABOUT INTUIT INC.
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Intuit Inc. (NASDAQ: INTU) is the leader in e-finance, including financial software and Web-based services. Intuit develops and markets Quicken®, the leading personal finance software; TurboTax®, the best-selling personal tax preparation software; and QuickBooks®, the most popular small business accounting software. Intuit's Quicken.com™ Web site (www.Quicken.com) is a leading financial Web site, offering a comprehensive set of financial news, information and tools, including insurance, mortgage, investment and tax preparation services. Intuit's products and services enable individuals, small businesses and financial professionals to better manage their financial lives and businesses.
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Intuit, the Intuit logo, Quicken, QuickBooks, QuickBooks Pro, TurboTax and ProSeries, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Quicken.com, QuickenInsurance, , among others, are trademarks and/or service marks of Intuit Inc., or one of its subsidiaries, in the United States and other countries. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.
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