Pentegra Retirement Services announced Jan. 12 that it will make available a new lifetime retirement income product in conjunction with Hueler Income Solutions®.
According to Pentegra, Income Solutions® is designed to facilitate efficient, transparent, low-cost delivery of lifetime income to both active employees and retirees. The platform provides a key service for assisting participants with the process of converting portions of their retirement assets into an income stream for life. The product is the only institutionally priced, fully automated, multi-issuer platform available in the market today, Pentegra said in announcing the move.
Individuals can choose from a variety of pre-screened high quality insurance companies; all quotes are standardized to improve transparency; and the platform offers easy to use educational tools, according to the announcement.
