Canvas introduces D2C annuities
Canvas Insurance Agency , a Phoenix-based insurance agency licensed in 33 states and owned by Puritan Life, is now allowing customers to purchase annuity products online as well as “watch their balances grow” via a customer portal. Annuities can be purchased starting at $2,500. Licensed, non-commissioned agents are available to answer questions about the annuities online or by phone. Canvas provides all customers with a 30-day money-back guarantee.
The Signature Future Fund and Flex Fund annuities from Canvas are sold directly to consumers and guarantee locked-in interest rates of up to 3.5% for people saving for retirement. The Flex Fund allows for maximum flexibility with a return of premium feature that allows consumers to receive their initial premium back at any time during the contract term. The policies are issued by Puritan Life Insurance Company .
“Savings accounts and bank CDs generally provide low rates of return and investing in the stock market can leave you vulnerable to market volatility. Our commission-free, easy-to-understand Canvas annuities provide guaranteed rates and flexible terms to help your retirement savings grow quickly and safely.” – Dierdre Woodruff, a Canvas senior vice president.
// Canvas is licensed in Alabama, Arizona, Arkansas, Colorado, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah, Washington, West Virginia, Wisconsin, Wyoming.