Milliman introduces Hueler Income Solutions® Think IncomeSM program for retirement plans
23 Julio 2024 - 12:57PM
Business Wire
Guaranteed lifetime income solution supports
401(k) participants with annuity marketplace options
Milliman, Inc., a leading global consulting, actuarial, and
benefits administration firm, announced today the introduction of a
guaranteed lifetime income option for its 401(k) recordkeeping
clients through Hueler Income Solutions® Think IncomeSM.
This new program enables Milliman's defined contribution plan
sponsors to provide their participants with seamless access to a
lifetime income annuity marketplace. Participants can access
educational tools and discover annuity options to fit their
individual needs, then obtain real-time, competitive annuity quotes
from top-rated insurance companies. Hueler Income Solutions will
answer participant questions and, if individuals choose to make an
annuity purchase, provide assistance throughout the process.
“People nearing retirement face the challenge of ensuring their
savings will last throughout their lifetime,” said Kari Jakobe,
Milliman principal and defined contribution practice leader. “Our
approach is to offer solutions in our financial wellness suite that
help our clients address participants’ various financial
objectives, whether it’s investment vehicles with a targeted
lifetime income stream, in-plan annuity products, or an out-of-plan
annuity marketplace that provides insurance-guaranteed lifetime
income. Milliman has selected the Hueler Income Solutions platform
because it provides participants with seamless support to determine
if an annuity is the right vehicle for them and add it to their
lifetime income portfolio.”
“Collaborating with Milliman presents an amazing opportunity for
Hueler to continue expanding low-cost access to guaranteed lifetime
income alternatives for plan participants,” said Kelli Hueler,
founder and CEO of Hueler Companies. “Hueler Income Solutions
allows participants to model how their hard-earned savings can
convert into guaranteed lifetime income and consider the benefits
of creating their own personal pension. Hueler is very excited to
be working with Milliman as a foundational component of their
lifetime income offering for plan sponsor clients as thousands of
participants will have the option of enhancing their financial
security in retirement.”
About Milliman
Milliman is a leading provider of consulting services, benefit
administration, and employee communication. The firm has practices
in healthcare, property and casualty insurance, life insurance and
financial services, and employee benefits. Founded in 1947,
Milliman is an independent firm with offices in major cities around
the globe. For further information, visit milliman.com.
About Hueler Investment Services, Inc.
Hueler Investment Serivces, Inc. is the provider of the Hueler
Income Solutions® lifetime income platform that has been delivering
lifetime income annuity products to the institutional marketplace
since 2004. The Income Solutions® platform is made available
directly to plan sponsor clients and other retirement plans through
Hueler’s non-exclusive partnerships with leading financial services
firms, fiduciary advisor platforms and non-profit member
organizations. For further information, visit
incomesolutions.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240723334993/en/
Kari Jakobe Milliman, Inc. Tel: 952 820 2423
kari.jakobe@milliman.com