Market Synergy Group and Colorado Bankers Life Insurance Company® Announce Distribution Agreement
February 27, 2018 by Market Synergy Group and Colorado Bankers Life Insurance Company
TOPEKA, KAN. (PRWEB) FEBRUARY 23, 2018
Market Synergy Group and Colorado Bankers Life Insurance Company (“CBLife”) announced a new partnership in which Market Synergy Group will serve as one of the exclusive distribution partners in the independent space for CBLife’s new multi-year guaranteed annuity (MYGA) series and flexible premium deferred annuity. These products are poised to fill a strong market need for consumers looking for the stability of an interest rate guarantee and policy options that offer control of future income.
Given today’s low interest rate environment and recent market volatility, fixed annuities may have a broadening appeal among advisors and consumers. For example, one of the leading products, the CBLA-5, is a MYGA that provides a 3.35% guaranteed interest rate for five years. In addition to the highly competitive rate, the CBLA-5 offers clients multiple free withdrawal options, including a nursing home waiver.
“When you take into account all the features, the CBLA-5 is one of the top multi-year guarantee annuities available on the market today. We are pleased to provide clients with such a strong asset to assist in meeting their retirement income goals, and look forward to capitalizing on the opportunity this CBLife partnership presents to us and our distribution partners,” said Jared Anderson, VP of Sales for Market Synergy Group.
Though CBLife has been in the insurance business since 1974, its merger with Global Bankers Insurance Group in 2015 has generated a refocus on retirement, annuities and life insurance using the resources, dedication and vision needed to bring innovative solutions to market. Its agile, technology-driven business model is a natural fit for a partnership with Market Synergy Group.
“Partnering with Colorado Bankers Life is a seamless next step in the evolution of our business. Their energy and aggressiveness to be one of the leading players in the fixed annuity space is exciting. In addition, their focus on technology will quickly establish them as a leading carrier for providing cutting-edge agent and client solutions not commonly found in the insurance world. We look forward to growing with them and leveraging each other’s strengths to bring to market the most elite products that address the most prevalent pre-retiree and retiree concerns,” said Lance Sparks, President of Market Synergy Group.
“We could not be happier to partner with Market Synergy Group. The opportunity to distribute our solutions through their network of IMOs and agents will allow us to help thousands of Americans reach their financial goals,” said Chad Burns, SVP of national accounts at CBLife.
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About Market Synergy Group
Market Synergy Group is a financial product development company specializing in principal protected, accumulation and income designs for individuals looking to build their retirement nest egg while also having a level of protection from market downturns. We do so by conducting extensive market research, innovating in the product development space, and creating premier sales and training systems. This allows us to partner with the industry’s leading independent insurance and financial services companies to ultimately improve the retirement outlook for consumers. For more information, visit http://www.marketsynergy.net.
About Colorado Bankers Life Insurance Company®
Colorado Bankers Life Insurance Company (“CBLife”) has been building its foundation of insurance products since 1974. Our clients are diverse but they share one thing in common: a need to fund a retirement that could last decades. CBLife’s annuity products provide principal protection, guaranteed interest rates, tax deferral, and death benefits to help plan the future. In 2015, CBLife joined Global Bankers Insurance Group, an international family of insurance and reinsurance companies focused on retirement, annuities and life insurance. This positions the company to capitalize on its entrepreneurial DNA and financial strength to continue meeting customers wherever they are in life to protect their family today and accumulate assets for future needs. For more information, visit http://www.cblife.com.
