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Morningstar Launches All-in-One Solution for Variable Annuity Research

CHICAGO May 21, 2012

Morningstar Annuity Intelligence offers a new user interface with simplified navigation, enhanced search functions, and new research features and functionality. The new offering combines the best features of two popular tools, Morningstar Annuity Analyzer and the Annuity Intelligence Report, to create an all-in-one source for annuity data and information. Users now have improved capabilities to search for variable annuity contracts, compare them side-by-side, and then generate client-friendly, FINRA-reviewed presentations and reports.

Kevin Loffredi

Morningstar Annuity Intelligence includes a new lifetime income calculator, which allows an advisor to see the amount of guaranteed income an annuity benefit will provide for a client based on different criteria. The solution includes plain English descriptions of complex provisions in annuity riders, annuity fee data, contract titling information, and historical contract data dating back to the 1960s. In addition, it helps compliance officers support their suitability and review process for an annuity purchase, and it enables suitability forms to be automatically populated with contract, benefit, and fee information to streamline the transaction process.

As part of the new Annuity Intelligence solution, Morningstar offers two add-on capabilities, VA Expense Analyzer and VA Hypothetical Illustrator, which are designed to help provide transparency to advisors and their investor clients. VA Expense Analyzer helps streamline the compliance and sales disclosure process by conducting suitability and cost analyses to help make sure a recommended annuity is appropriate for a client. It also calculates how long it would take for a client to recover a surrender charge in the event he or she exchanges an annuity contract. VA Hypothetical Illustrator helps support client proposals by analyzing variable annuity performance as a stand-alone investment, in comparison with competing products or benchmarks, or within the context of a complete portfolio.

Current Morningstar Annuity Analyzer and Annuity Intelligence Report clients will be migrated to the new Morningstar Annuity Intelligence solution over the next 12-18 months, based on each client’s individual requirements.  Morningstar Annuity Intelligence is available on a site-license basis to broker/dealers, institutions, and other financial firms. Morningstar Annuity Intelligence subscribers who also use Morningstar Advisor Workstation will be able to link to the new solution directly through Advisor Workstation later this year.

About Morningstar, Inc.

North America Europe Australia Asia $190 billion March 31, 2012

©2012 Morningstar, Inc.  All rights reserved.

MORN-P

Shawn Malayter [email protected]

SOURCE Morningstar, Inc.

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