EVANSTON, Ill., July 8, 2004 (PRIMEZONE) -- Beacon Research announced today that comprehensive information on the fixed annuity products of American National Insurance Co., Penn Mutual Life Insurance Co., and Presidential Life Insurance Co. have been added to the AnnuityNexus database. The database features carrier-approved, institutional quality product profiles unique in their accuracy, completeness and timeliness. These carriers join the growing group of some 100 AnnuityNexus data partners.
"Now American National, Penn Mutual and Presidential can make information on their fixed annuity products available for publication on the producer websites of their distributors through Beacon Research," said Jeremy Alexander, Beacon's president and CEO.
"These three companies are very significant fixed annuity carriers," said Stephanie Brandt, director of research at Beacon. "We've worked closely with all three to assure the accuracy and completeness of their product information and we're delighted to welcome them as data colleagues."
About American National Insurance Company
Chartered in 1905, American National Insurance Company has evolved into an industry leader, ranking among the largest of life insurance companies in the United States. Today, the company and its subsidiaries provide personalized service to more than 5 million policyholders throughout 50 states, the District of Columbia, Puerto Rico, and American Samoa. Directly and through subsidiaries, the company offers a broad line of insurance products and services, including life insurance, annuities, health insurance, personal lines property and casualty, credit insurance, mutual funds and pension plan services.
About Penn Mutual Life Insurance Company
The Penn Mutual Life Insurance Company is the nation's second oldest mutual life insurer. Founded in 1847, the company provides life insurance and annuity products through a national network of professional agents and financial advisors who help clients meet their financial needs with confidence. Penn Mutual supports its field representatives with brokerage services through Hornor, Townsend & Kent, Inc., its wholly owned subsidiary.
About Presidential Life Insurance Company
Presidential Life Corporation, through its wholly owned subsidiary Presidential Life Insurance Company and its wholly owned subsidiary, Central National Life Insurance Company of Omaha, is licensed to sell a diverse portfolio of life and annuity products in the 50 states, District of Columbia, Puerto Rico, and U.S. Virgin Islands.
About Beacon Research
Beacon Research is an independent research organization founded in 1997. It compiles market intelligence on fixed annuity products for subscribers to its web-based systems at www.annuitynexus.com. Carriers access these systems to support product development, rate setting and competition research. Distributors use them for product analysis and selection. The new AnnuityNexus Sales Support System is an important resource for retention teams and sales desk staff throughout the distribution chain. Beacon's new Fixed Annuity Premium Study is the first to track these sales at the product level, with analysis by Milliman USA. Beacon also licenses information and software tools to other platforms, including websites for sales representatives, AnnuityNet's annuity automation platform, and LifeLink Corporation's insurance sales platform. Beacon's fixed annuity benchmark series -- the industry's first -- is available through Ibbotson Associates. Directly and through strategic alliances, Beacon information can be accessed by hundreds of financial institutions and distributors.