The credit union organization is offering the platform — Income Solutions (See Hueler Adds Inflation Adjusted Option to Annuity Lineup ) – to credit union and other non-profit organizations and businesses, and is based on the Consumer Price Index (CPI).
Features of the platform include:
- annuity quotes from eight insurance companies at institutional pricing levels.
- an inflation adjusted annuity option which may enable retirees to protect their purchasing power, despite periods of high inflation.
- a way for individuals to receive automatic increases to their fixed income annuities based on the changes in the cost of living index.
According to a release, the platform was launched two years ago and is aimed at employees and retirees who have reached a point where they want to convert a portion of their savings or retirement assets into an income stream.