We’re happy to announce that we’ve entered into a five-year agreement with AmeriLife to bring the Risk Number to thousands of annuity producers! See the full release below:
Nitrogen and AmeriLife® Form Partnership Bringing DOL Compliant Technology to Annuity Producers
Five-year deal will equip AmeriLife annuity producers with Nitrogen’s Risk Alignment Platform.
Sacramento, CA (October 20, 2016) – Nitrogen and AmeriLife today announced that they are entering into a five-year agreement providing Nitrogen’s Risk Number® technology to AmerifLife’s annuity producers.
“While we’ve been very focused on equipping investment advisors to prove and document that they’re acting in the best interests of their clients, it’s clear that the insurance side of the business is excited about the benefits that the Risk Number can drive for their clients,” said Aaron Klein, CEO of Nitrogen. “By rolling the Nitrogen platform out to all of their annuity producers, AmeriLife will have a powerful tool to demonstrate to clients how including a fixed annuity can lower the overall risk of their financial lives.”
The Nitrogen platform provides a quantitative measurement of a client’s risk tolerance which will allow annuity producers to quickly, accurately, and collaboratively uncover and assign the most appropriate goal-specific risk level according to their client’s personal Risk Number. Acting in the best interest of the client, annuity producers will be able to present clients with a document that includes their risk tolerance information and provides options based on this analysis.
“The Nitrogen platform is a great tool our annuity producers will be able to use to assist in making a DOL compliant sale, and also provide an effective way to communicate the insurance need for a fixed annuity in an easy to understand presentation,” said Nathan Hightower, President of AmeriLife. “Our annuity producers will be able to better manage client expectations using a Nobel Prize-winning framework. AmeriLife has a long history of delivering innovative solutions, and we’re excited to put highly robust, integrated, and collaborative tools to deliver a practical, but customized client experience at their fingertips.”
For more information about how Nitrogen and AmeriLife will partner to help annuity producers in the DOL world, please contact [email protected].
AmeriLife is the nation’s premier independent distributor of annuity, life and health insurance products focused on serving the senior market. Its national distribution network, which includes 100,000 affiliated agents across every state in the U.S., provides superior access for insurance carriers seeking to access the senior market. Founded in 1971, Clearwater, FL-based AmeriLife represents more than 75 national insurance carriers.
For additional information about partnering with AmeriLife, please contact us at [email protected].
Nitrogen is the company that invented the Risk Number®, which powers the world’s first Risk Alignment Platform, empowers advisors to execute the digital advice business model with Autopilot and enables compliance teams to spot issues, develop real-time visibility and navigate changing fiduciary rules with Compliance Cloud. Advisors, broker-dealers, RIAs, asset managers, custodians and clearing firms use Nitrogen to align the world’s investments with each investor’s Risk Number. To learn more, visit www.riskalyze.com.
Jason Lahita, FiComm Partners