Aon Consulting will offer the ELM annuities to employer clients seeking to introduce their retirees to the fixed annuity marketplace, the announcement said. ELM Income Group, Inc., based in Washington, D.C., is an independent insurance agency.
The ELM annuities are designed to address issues around pricing and transparency and retiree concerns about market volatility, longevity, and inflation risks.
“There is now extensive economic research demonstrating how annuities may optimize sustainable income in retirement. Through independent research, and our own analysis, from February 2007 to December 2007, we compared the annuities available through ELM against other similarly available annuities and found ELM annuities are highly price competitive, very flexible, very secure, and provide additional benefits not often available from competitive products,” said Cecil Hemingway, executive vice president and head of Aon Consulting’s U.S. Retirement Practice, in the announcement. “We believe employers will want to communicate these messages to retirees and point them to quality sources in the annuity marketplace.”
More about the ELM annuities is at www.elmannuity.com .