Boise, Idaho (PRWEB) August 29, 2008
Annuity.com and QuoteMeAPrice.com today announced a strategic alliance to co-market and officially launch the revolutionary Quote Me a Price structured settlement and annuity marketplace quote engine.
Annuity.com, a leading site for consumer annuities, discovered a strange thing: clients coming through their consumer quote forms requesting information about obtaining cash lump sums for annuities, life settlements, lotto winning and structured settlements. "We're in the business of helping people purchase investment annuities, so we didn't quite know what to do with all of the other leads coming in," commented Bill Broich, CEO of Annuity.com. "We did some research into the lump sum business and were, quite frankly, soured by the poor reputation of the industry. We heard one horror story after another of folks giving up large percentages of their annuities in exchange for lump sums. We wanted to help people--we couldn't ignore their requests--but we couldn't, in good conscience, send them into a potentially bad deal."
That's when Broich and company stumbled across the Quote Me A Price (QMAP) marketplace. "Sean over at Quote Me A Price has a brilliant application. Instead of annuitants, tort victims and financial professionals selling their annuity or structured settlement to one funding company, they can now enter their information into the Quote Me A Price competitive quote engine and obtain multiple competitive bids from multiple funding companies. It's ethical and, in my opinion, will revolutionize this troubled industry."
"Put simply, what QMAP does," said Sean C. Houlihan, CEO of QuoteMeAPrice.com "is save people money and time." Houlihan explained that some individuals go with the first funding company they talk to; most spend weeks or even a few months on the phone obtaining quotes from the plethora of funders. With QMAP you simply enter your payment information once, and the funders come to you. No more suffering from countless sales calls. It's all web-based. "The industry standard for a cashing in future payments for a lump sum can be exorbitant, through Quote Me Price people have obtained funding for as low as six percent. Make funding companies compete and the bid prices go way up. It's just that simple," Houlihan said.
The newly formed team plans to initially focus marketing efforts online, but hopes to eventually branch out to radio and television. "We would like to be everywhere, but we're taking a phased approach," Houlihan said. "With the structured settlement industry now being estimated at over 5 billion dollars and the US annuity market contributing well over 1 trillion and by providing such a valuable service for clients who need access to the funds in their annuities, we feel the potential is virtually limitless."
Houlihan added: "One nice thing about Annuity.com is they have tremendous brand recognition. It's the top-level domain and because of that they have intrinsic search engine relevancy few have. By partnering our brands and the QMAP service, we're going to be able to reach far more people than each of us alone and help those people save a lot of money."
# # #