The management at Inviva Inc. left the life insurance business five years ago because they thought the annuity business at subsidiary Jefferson National Financial Corp. would be more lucrative. They were right. According to Business First’s Kevin Eigelbach, sales of variable annuities at Jefferson National have been increasing every year. His article “Annuity product boosts sales, employment at Jefferson National” says that the ability to hire more workers has been another positive side effect of the decision Inviva made to focus on annuities rather than life insurance.
Chief operating officer David Lau says that Jefferson National is excited about their growth and forecasts sales of $360 million this year. Their 2010 sales of $200 million were a 54% increase from the sales in 2009. They expect their annuities to help the company reach sales of $600 million by next year, almost doubling this year’s expectations. Skyrocketing sales have helped the local Dallas economy as well. Jefferson National has been consistently hiring for years now and has no plans to slow down anytime soon. They are helping fuel employment and hiring locally and nationally as well.
The Monument Advisor variable annuity offered by Jefferson National was the first of its kind with a flat insurance fee. It charges $20 a month and that amount doesn’t change as your annuity value grows. Compare annuities from other companies and it is difficult to find another product without increasing fees. Some other benefits to the Monument Advisor include no other insurance charges, no paid sales commission, more investment options than other products, a better potential for tax-deferred growth, and an excellent online investing platform. Speak with one of our experts if you have any questions about Jefferson National’s Monument Advisor.