ELGIN, ILLINOIS – February 10, 2025 – Eder Financial, Inc. has secured a lifetime income option, also known as an annuity, through Hueler Income Solutions®. This strategic partnership was engaged after Eder Financial transferred its existing annuitants late last year to an insurance company for administration and ceased writing new annuities.
This new annuity solution enables participants in Eder Financial’s Retirement Plan seamless access to a lifetime income annuity marketplace. Eder Financial retirement plan participants can access educational tools and discover annuity options to fit their individual needs, then obtain real-time competitive annuity quotes from top-rated insurance companies. Hueler Income Solutions will answer participants’ questions and, if individuals choose to make an annuity purchase, provide assistance throughout the process.
This partnership, offering an out-of-plan annuity, is one of the options for participants wanting to start the distribution phase of their retirement solution. “At this time when many Americans are ill-prepared for retirement, Eder Financial is proud to engage this strategic partnership to all whom we are privileged to serve," said Nevin Dulabaum, president of Eder Financial.
The platform provides access to annuities from multiple, well-known, insurance companies. This innovative platform helps Eder Financial’s retirement plan participants evaluate and personalize income scenarios by providing access to real-time annuity quotes from multiple insurance companies. It gives participants the ability to turn their hard-earned retirement contributions into an annuity, which provides an income stream for life.
With this new partnership, participants can take advantage of the following benefits:
- Easy to use, flexible modeling tools for personalizing income scenarios
- Choice between multiple well-known insurance companies
- Simplified and easy to compare product features and quotes
- Income for life for an individual and/or spouse
- Supplemental or additional income source
Detailed information about the annuity transfer in 2024 to an insurance company and this new strategic partnership with Hueler Income Solutions® can be found at ederfinancial.org/annuity-transfer.
About Eder Financial
Eder Financial is a not-for-profit agency that provides retirement, insurance, and organizational investing services. Governed by a Board of Directors who have expertise in law, finance, benefits, and investment, Eder Financial serves individuals, organizations, and congregations affiliated with the Church of the Brethren as well as those of like mind within the broader faith-based community. For more information, visit ederfinancial.org.
Contacts
Precious Earley, Public Relations Director, (847) 622-3366
Michelle Kilbourne, VP, Internal Capabilities, (847) 622-3371
Email: communications@eder.org
