SPRINGFIELD, Mass.,
Oct. 3, 2011 /PRNewswire/ -- Lincoln
Benefit Life Company, a subsidiary of Allstate, has made its
IncomeReady(SM) Single Premium Immediate Annuity available through
the CANNEX SPIA Exchange, an industry-leading platform that enables
financial institutions and more than 150,000 financial services
professionals to comparison shop for income annuities, CANNEX
announced today.
"Over the last several years, there has been a steady demand for
the availability of Lincoln Benefit Life's products on our exchange
from a large segment of the distributors and channels we support,"
said Gary Baker, who heads CANNEX's
U.S. business. "Not only will this make a number of our
clients happy, but will provide advisors an even broader choice of
income annuities for their clients."
"We are always seeking ways to bring value to our distribution
partners," said Larry Dahl,
president, Lincoln Benefit Life. "We expect this listing to
make it easier for financial professionals to recommend our
IncomeReady annuity to their clients, based on immediate online
access to our product, pricing and payout information."
With its data and calculations, CANNEX supports a variety of
financial service providers in both the institutional and retail
markets, including online services, planning and educational tools
providers, as well as advisory firms. In the case of income
annuities, CANNEX maintains the actuarial calculations of each
carrier on its platform so that an advisor can get instantaneous
access to client-specific income annuity rates in alignment with
the clients' needs. Financial professionals also have access
to product illustrations and educational tools that are linked to
the specific results generated by the exchange.
For more information about the CANNEX exchange, visit
www.cannex.com.
About CANNEX
CANNEX Financial Exchanges Ltd. is an independent and privately
held company that provides data and information services to the
financial services industries in the U.S. and Canada. CANNEX compiles data and
calculations about a variety of financial products and makes that
information available to financial service providers, including the
media, through a central exchange. In the U.S., the
Retirement Income Product Exchange (RIPE)TM is a service
through which financial advisors can obtain comparative pricing and
data about fixed deferred and immediate annuity products from
across the industry. The service also includes tools and
educational material that helps position guarantees as an integral
part of a client's retirement portfolio. The CANNEX SPIA
Exchange is a part of the RIPE service.
About Allstate
The Allstate Corporation (NYSE: ALL) is the nation's largest
publicly held personal lines insurer known for its "You're In Good
Hands With Allstate®" slogan. Now celebrating its 80th
anniversary as an insurer, Allstate is reinventing protection and
retirement to help nearly 16 million households insure what they
have today and better prepare for tomorrow. Consumers access
Allstate insurance products (auto, home, life and retirement) and
services through Allstate agencies, independent agencies, and
Allstate exclusive financial representatives in the U.S. and
Canada, as well as via
www.allstate.com and 1-800 Allstate®.
A subsidiary of Allstate, Lincoln Benefit Life Company has
helped families obtain affordable insurance protection since 1938.
The company offers life and annuity products through more than
61,000 agents in the United
States.
Contacts:
Madison Communications
Patrick Collins, 617-553-0349
Kathleen Gilroy, 978-358-7282
SOURCE CANNEX Financial Exchanges Ltd.