- Invest in the first global annuity contracts electronic trading exchange – NASDAQ for annuities.
- $225B annual annuity sales per year. Market that is ripe for technological innovation & disruption.
- 8 US insurance companies have already agreed to be part of the electronic trading exchange platform
- 4 year contract agreement/partnership with ICE – InterContinental Exchange for market data share.
We are a marketplace. A trading platform. An electronic trading exchange for annuities. We are building an electronic trading exchange for annuities to make annuities exchange-traded contracts (exchange-traded annuities), and help retirees here in the US and elsewhere offload portions of their retirement savings (401k, IRA) to insurance companies in exchange for retirement guaranteed income at the exchange. All done electronically.
Capture/convert 20-25% of the US $225B annual annuity sales market to the exchange trading platform. The exchange trading platform eliminates the current annuities fee structure borne by retirees helping drastically reduce costs. The exchange also subject annuity contracts to marketplace bidding, electronically, helping contract price discovery & transparency among all insurer participants at the exchange.