{"id":2100,"date":"2017-12-06T10:00:56","date_gmt":"2017-12-06T15:00:56","guid":{"rendered":"http:\/\/www.cannex.com\/?p=2100"},"modified":"2017-12-06T10:00:55","modified_gmt":"2017-12-06T15:00:55","slug":"cannex-va-analysis-fia-analysis-tools-now-available","status":"publish","type":"post","link":"https:\/\/www.cannex.com\/index.php\/2017\/12\/06\/cannex-va-analysis-fia-analysis-tools-now-available\/","title":{"rendered":"CANNEX VA Analysis & FIA Analysis Tools now available"},"content":{"rendered":"
\n

CANNEX Rolls Out Industry-First Comparative Illustration Platform for Variable & Fixed Indexed Annuity Benefits<\/em><\/strong>
\n______________________________________<\/p>\n<\/div>\n

NEW YORK\/TORONTO, December 6, 2017<\/strong> – CANNEX Financial Exchanges today announced the rollout of a new set of annuity comparison tools – CANNEX VA AnalysisSM<\/sup> and CANNEX FIA AnalysisSM<\/sup>. These tools have been developed on a new patent pending comparative illustration platform. The platform enables financial institutions and advisors working with clients to assess and compare annuities with various product designs and guarantees on a quantitative basis. CANNEX is a leading provider of comparative pricing, illustration and valuation data and tools to the financial industry.<\/p>\n

The new tools calculate both the guaranteed and projected performance of annuity contracts and riders across different product providers using a common illustrative framework. CANNEX accomplishes this with a combination of financial and actuarial modeling through a simulation process (i.e, Monte Carlo analysis). Leveraging these tools, advisors are able to support their annuity recommendations consistent with FINRA suitability requirements and the DOL fiduciary standard. Sales & marketing materials specific to each annuity product are also available through the service.<\/p>\n

\u201cAs the number of annuity options and riders have grown, it has become increasingly difficult to compare their benefits in a simple and transparent manner,\u201d said Gary Baker, President, CANNEX USA. \u201cProviding a consistent approach to calculating the economic value of an annuity transaction for individuals is key to helping advisors recommend products that meet their clients\u2019 specific needs.\u201d<\/p>\n

The CANNEX VA and FIA Analysis tools incorporate the use of both traditional illustration methods as well as a present value analysis that takes into account changes in cash flow in a product over the course of a lifetime in retirement. The analysis allows advisors to sort and rank annuities by different components of a contract, depending upon the needs or objectives of the client. In some situations, these objectives are determined by other planning and guidance tools, which the CANNEX application can integrate with.<\/p>\n

\u201cSince annuities are developed and structured to meet specific client needs, it was important that these tools highlight the potential performance of their various benefits, as well as fees, which are crucial to clients\u2019 decision-making process,\u201d added Tamiko Toland, Head of Annuity Research for CANNEX. \u201cThe applications can also be leveraged by insurance companies as part of the product development process to test the competitiveness of new product concepts.\u201d<\/p>\n

The VA and FIA Analysis tools currently list annuities from more than 25 leading carriers in the market. Financial institutions have already started implementing these applications, which are available to both retail and institutional distribution channels.<\/p>\n

More information about CANNEX\u2019s annuity evaluation methodology is available in the following white paper: Determining the Economic Suitability of a Variable Annuity Transaction<\/a>. Fact sheets and additional information are available at www.cannex.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

CANNEX Rolls Out Industry-First Comparative Illustration Platform for Variable & Fixed Indexed Annuity Benefits ______________________________________<\/a><\/p>\n","protected":false},"author":7,"featured_media":1964,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-2100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-release"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/posts\/2100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/comments?post=2100"}],"version-history":[{"count":6,"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/posts\/2100\/revisions"}],"predecessor-version":[{"id":2102,"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/posts\/2100\/revisions\/2102"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/media\/1964"}],"wp:attachment":[{"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/media?parent=2100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/categories?post=2100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannex.com\/index.php\/wp-json\/wp\/v2\/tags?post=2100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}