IRI, Cannex Introduce Baseline Values Tool for Annuities

The solution is intended to improve financial planning by integrating annuity options more directly into the modeling process.

Aiming to simplify the modeling of deferred annuity products for financial professionals, the Insured Retirement Institute and Cannex Financial Exchanges Ltd. have debuted a new tool called IRI Baseline Values.  

According to Washington, D.C.-based IRI and Toronto-based Cannex, IRI Baseline Values will allow financial professionals to represent annuities inside their financial plans for clients, leading to better modeling of lifetime income options and protected growth.  

Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.

The IRI Baseline Values report will be updated quarterly. IRI also published a reference guideand brief explainer document. 

According to IRI, it has also collaborated with several financial planning platforms to incorporate the IRI Baseline Values into their tools, meaning that even those unfamiliar with annuities can integrate them into plans and see how the products may help create lifetime income.  

“Baseline Values are a game-changer for financial professionals, making it easier than ever to include annuities in the conversation with clients,” said Katherine Dease, chief technology and innovation officer at IRI. “By simplifying the modeling process and integrating directly into leading financial planning tools, these values remove the complexity that often deters advisers from considering annuities.” 

«