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Products January 10, 2012
Aria Retirement Solutions Launches Guaranteed Income Product
Aria Retirement Solutions introduced the first of its series of RetireOne guaranteed income solutions.
Reported by Corie Russell
These solutions serve independent Registered Investment Advisers (RIAs) operating fee-only practices to retain and actively manage investments on behalf of their clients.
Based on a stand-alone living benefit (SALB) product design, RetireOne Transamerica is a fixed contingent annuity that provides an income guarantee on a portfolio of underlying assets. It provides the benefits of a guaranteed income insurance product while allowing traditional investment vehicles such as no-load mutual funds and exchange-traded funds (ETFs) offered from leading fund families, including American Funds, iShares, PIMCO, Vanguard and Dimensional Fund Advisers.
Transamerica Advisors Life Insurance Company provides the income guarantee.
The RetireOne Transamerica solution is the first of what David Stone, chief executive officer of Aria Retirement Solutions, anticipates will be several RetireOne income solutions provided by Aria in partnership with major insurance carriers.