AnnuityNet.com, reportedly the first online variable annuity store, located at http://www.AnnuityNet.com, opened its doors in Leesburg, VA.
AnnuityNet.com will offer additional variable annuity products that also feature lower than average fees with many investment options, in its online store beginning in early 1999. Prospectuses for the eAnnuity and its sub-accounts are currently available online and contain all details of fees and expenses.
The company also signed a marketing deal with financial Web site Quicken.com (www.Quicken.com) that will provide visitors with information about tax-deferred retirement investing through variable annuities.
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